E10-7	Johnson Corporation acquired all of the outstanding common stock of Smith Corporation for $12,920,000 in cash. The book value of Smiths net assets (assets minus liabilities) was $9,400,000. The fair values of all of Smiths assets and liabilities were equal to their book values with the following exceptions:
			Book Value		Fair Value
Receivables			$ 2,900,000		$ 2,540,000
Property, plant, and equipment			9,600,000		11,160,000
Intangible assets			360,000		1,520,000
Required:	Calculate the amount paid for goodwill.