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Problem 7-3A Calculate and record goodwill (L07-2) Fresh Cut Corporation purchased all the outstanding common stock of Premium Meats for $12,000,000 in cash. The book

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Problem 7-3A Calculate and record goodwill (L07-2) Fresh Cut Corporation purchased all the outstanding common stock of Premium Meats for $12,000,000 in cash. The book values anc fair values of Premium Meats' assets and liabilities were: Required: 1. Calculate the amount Fresh Cut should report for goodwill. (Enter your answer in millions rounded to 1 decimal place. (i.e., $5,500,000 should be entered as 5.5).)

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