Exercise 10-7 Goodwill [L010-1] Johnson Corporation acquired all of the outstanding common stock of Smith Corporation for $12,080,000 in cash. The book value of Smith's net assets (assets minus liabilities) was $8,700,000. The fair values of all of Smith's assets and liabilities were equal to their book values with the following exceptions: was $8,700,000 hen for Fair Value $2,200,000 1,910,000 8,900,000 10,390,000 290,000 1,380,000 Book Value Receivables Property, plant, and equipment Intangible assets Required: Calculate the amount paid for goodwill Goodwill This is a numeric cell, so please enter numbers only