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Mainine Produce Corporation acquiled all the outslanding common stock of Iceberg Lelfuce Corporation for $30,000,000 in cash. The book values and lail values of lceberg's

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Mainine Produce Corporation acquiled all the outslanding common stock of Iceberg Lelfuce Corporation for \$30,000,000 in cash. The book values and lail values of lceberg's assets and liabilities were as follows: Required: 1. Calculate the amount paid for goodwil 2. Determine the financial statement effects of the acquisition Complete this question by entering vour answers in the labs below. Determine the finandial statement elfects of the acquisition. Note: Amounts to be deducted should be indicated with a minus sign. Enter your answer in miltions rounded to 1 decimal place. (i.e. 5,500,000 should be antered as 5.5 )

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