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Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for $28,000,000 in cash. The book values and fair values of Icebergs

Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for $28,000,000 in cash. The book values and fair values of Icebergs assets and liabilities were as follows:

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Current assets Property, plant, and equipment Other assets Current liabilities Long-term liabilities Book Value $11,200,000 27,000,000 2,800,000 7,200,000 18,800,000 Fair Value $14,200,000 33,000,000 3,800,000 7,200,000 17,800,000 Required: Calculate the amount paid for goodwill. (Enter your answer in millions (i.e. 5,000,000 should be entered as 5).) Amount paid for goodwill million

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