Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for $$30,000,000$ in cash.

The book values and fair values of Iceberg's assets and liabilities were as follows:

Required:

Calculate the amount paid for goodwill.

Determine the financial statement effects of the acquisition.

Complete this question by entering your answers in the tabs below.

Required $1$

Determine the financial statement effects of the acquisition.

Note: Amounts to be deducted should be indicated with a minus sign. Enter your answer in millions rounded to $1$ decimal place. $($i$,$e$.5,500,000$

should be entered as $5\mathrm{.}5).$