On April 22, 1999, Media One Group and AT&T agreed to merge. Under the merger, Media One Groups shareowners will receive .95 of a share of AT&T common stock and $30.85 in cash for each share of Media One Group. The total package of cash and stock was valued at $85 per share. Media One has 604.4 million shares outstanding.

Income Statement December 31, 1998 (in $ millions)	AT&T	MediaOne
Revenues Business Services Consumer Services Wireless Services Broadband and Internet Services Other and Corporate	$23,611 22,885 5,406 1,321	$361 2,491 30
Total Revenues Operating Expenses	53,223 45,736	2,882 3,121
Total Operating Income (Loss) Other income, net	7,487 1,247	(239) 3,368
Earnings (Loss) Before Interest and Taxes Interest expense	8,734 427	3,129 491
Income from Continuing Operations Before Income Taxes Provision for income taxes	8,307 3,072	2,638 1,208
Income Statement
December 31, 1998 (in $ millions)	AT&T	MediaOne
Income (Loss) from Continuing Operations	5,235	1,430
Income from discontinued operations	10	25,208
Gain on sale of discontinued operations	1,290
Extraordinary loss	137	333
Net Income	$ 6,398	$26,305
Balance Sheet
December 31, 1998 (in $ millions)	AT&T	MediaOne
Assets
Total Current Assets	$14,118	$1,200
Property, plant and equipment, net of accumulated	26,903	4,069
depreciation
Licensing costs, net of accumulated amortization	7,948
Investments	4,434	9,705
Prepaid pension costs	2,074
Goodwill	2,205	11,647
Other assets	1,868	1,571
Total Assets	$59,550	$28,192
Liabilities and Equity
Short-term debt	1,171	569
Other current liabilities	14,271	1,045
Total Current Liabilities	15,442	1,614
Long-term debt	5,556	4,853
Deferred credits and other	12,921	6,676
Minority interest in consolidated subsidiaries	109	1,099
Preferred stock		1,161
Common shareowners equity	25,522	12,789
Total Liabilities and Equity	$59,550	$28,192

If Media Ones asset book values are approximately equal to their market values, how much goodwill did AT&T pay for Media One? Prepare a pro forma income statement and balance sheet for the merged firm for 1998.