Exercise 10-6 (Algo) Goodwill (LO10-1] On March 31, 2021. Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation for $18,700,000 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 $ 7,700,000 12,700,000 1,170,000 5,700,000 7,700,000 Fair Value $ 9,200,000 15,700,000 1,670,000 5,700,000 7,200,000 Required: Calculate the amount paid for goodwill. Goodwill