GP Group paid $40\mathrm{.}05$ million in cash to acquire $100\%$ of the issued share capital of The New Line Inc. At the acquisition date, the book value of net identifiable assets was $27\mathrm{.}39$ million while the fair value was $30\mathrm{.}20$ million. At the acquisition date, the balance sheet of The New Line Inc showed the total assets of $35\mathrm{.}05$ million.What was the amount of goodwill on acquisition?Question $1$ Answera.$30\mathrm{.}20$ millionb.$5\mathrm{.}00$ millionc.$2\mathrm{.}81$ milliond.$27\mathrm{.}39$ millione.$35\mathrm{.}05$ millionf.$12\mathrm{.}66$ milliong.$9\mathrm{.}85$ millionh.$7\mathrm{.}66$ million