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.

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 $5\mathrm{.}5).$