On January 1 of the current year, Cico Corp. purchased 25% of Airway Inc. for $47 million. At the time of purchase, the carrying value of Airway's net assets was $80 million. The fair value of Airway's depreciable assets was $12 million in excess of their book value. For this year, Airway reported a net income of $80 million and declared and paid $12 million in dividends. What would Cico report as the amount of purchased goodwill?