Fresh Cut Corporation purchased all the outstanding common stock of Premium Meats for $10,400,000 in cash. The book values and fair values of Premium Meats' assets and liabilities were: Accounts Receivable Equipment Patents Notes Payable Net asseta Book Value Tair Value $ 1,000,000 $800,000 7,700,000 9,100,000 140,000 900,000 (1.100.000 (1,100,000) 5.7,740,000 59700,000 Required: 1. Calculate the amount Fresh Cut should report for goodwill. (Enter your answer in millions rounded to 2 decimal places (le, $5,500,000 should be entered as 5.50).) ces Goodwil million 2. Record Fresh Cut's acquisition of Premium Meats (if no entry is required for a transaction/event, select "No Journal Entry Required in the first account field, Enter your answers in millions rounded to 2 decimal places (le, 5,550,000 should be entered as 5,55)) View transaction lit Journal entry worksheet 2. Record Fresh Cut's acquisition of Premium Meats. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in millions rounded to 2 decimal places (i... 5,550,000 should be entered as 5.55).) View transaction list Journal entry worksheet