Exercise 10-6 Goodwill [LO10-1] On March 31, 2018, Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation for $17000,000 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 $ 6,000,000 7,500,000 11,600,000 14,000,eee 1,500,89e 4,000,809 6,000,e00 5,500,eee 1,808,8ee 4,000,e00 Required: Calculate the amount paid for goodwill. S 257,000