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Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for $40,000,000 in cash. The book values and fair values of Iceberg's

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Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for $40,000,000 in cash. The book values and fair values of Iceberg's assets and liabilities were as follows: Current assets Property, plant, and equipment Other assets Current liabilities Long-term liabilities Book Value $10,800,000 25,800,000 2,400,000 6,800,000 11,200,000 Fair Value $13,800,000 31,800,000 3,400,000 6,800,000 10,200,000 Required: Calculate the amount paid for goodwill. (Enter your answer in millions (e. 5.000.000 should be entered as 5).) Amount paid for goodwill milion

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