Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for $ 30,000,000 in cash. The book values and fair values of Iceberg€™s assets and liabilities were as follows:

Required:
Calculate the amount paid forgoodwill.

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Book Value $11,400,000 3,400,000 Fair Value Current assets Property, plant, and equipment Other assets Current liabilities Long-term liabilities $14,400,000 20,200,000 26,200,000 4,400,000 7,800,000 13,200,000 2,200,000 7,800,000