Mini-Exercise 6-5 Goodwill LO 9 Raider Co. recently acquired all of Lost Arc, Inc.s net assets in a business acquisition. The cash purchase price was $7.7 million. Lost Arc, Inc.s assets and liabilities had the following appraised values immediately prior to the acquisition: land, $2.0 million; buildings, $3.7 million; inventory, $2.5 million; long-term notes payable, for which Raider Co. assumes payment responsibilities, $1.8 million. Required: How much goodwill will result from this transaction? (Enter your answers in whole dollars.)