Backstreets Co. recently acquired all of Jungleland Inc.s net assets in a business acquisition. The cash purchase price was $9.6 million. Junglelands assets and liabilities had the following appraised values immediately prior to the acquisition: land, $3.0 million; buildings, $4.7 million; inventory, $3.5 million; long-term notes payable, for which Backstreets Co. assumes payment responsibilities, $2.8 million.

Required: How much goodwill will result from this transaction? (Enter your answers in whole dollars.)