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[The following information applies to the questions displayed below.] In 2019, Alliant Corporation acquired Centerpoint Inc. for $422 million, of which $62 million was allocated to goodwill. At the end of 2021, management has provided the following information for a required goodwill impairment test:
Fair value of Centerpoint Inc.
$
330
million
Book value of Centerpoints net assets (excluding goodwill)
298
million
Book value of Centerpoints net assets (including goodwill)
360
million
Required:1. Determine the amount of the impairment loss. (Enter your answer in millions (i.e., 10,000,000 should be entered as 10)).
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