Exercise $10-6($Algo$)$ Goodwill $[$LO$10-1]$

On March $31,2024,$ Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation for $$18,500,000$ in cash.

The book values and fair values of Barney's assets and liabilities were as follows:

Required:

Calculate the amount paid for goodwill.

Answer is complete but not entirely correct.