At the beginning of fiscal 2017, Wooster Company acquired a small savings and loan association for $102 million. The book value of the assets of the acquired company were $261 million, its liabilities $172.5 million. An appraiser determined that the acquiree’s land had a fair value of $3 million in excess of its net book value. Wooster also determined that the acquiree had an unrecorded liability of $6.75 million relating to a lawsuit. The book value of all other assets and liabilities approximated fair value.
What did Wooster Company record as goodwill for this acquisition?