41.

On March 31, 2021. Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation for $17,500,000 in cash. The book values and fair values of Barney's assets and liabilities were as follows: Current assets Property, plant, and equipment Other assets Current liabilities Long-term liabilities Book Value $ 6,500,000 11,500,000 1,050,000 4,500,000 6,500,000 Fair Value $ 8,000,000 14,500,000 1,550,000 4,500,000 6,000,000 Required: Calculate the amount paid for goodwill. Goodwill