Omega Corp acquires Alpha Ltd. for $170,000,000 in cash and accounts for its investment as a merger. Alpha’s balance sheet at the date of acquisition is as follows:

Assets	Amount	Liabilities and Equity	Amount
Current assets	$15,000,000	Liabilities	$80,000,000
Property, net	$95,000,000	Equity	$30,000,000
Total assets	$110,000,000	Total liabilities and equity	$110,000,000

The fair value of Alpha’s current assets is $1,500,000 less than book value. The fair value of its property is $28,000,000 less than book value. The book value of its liabilities approximates fair value. There are no unreported assets or liabilities.

Requirement: How much goodwill does Omega report for this acquisition?