Janzen Corporation acquired all of the outstanding common stock of Steinbeck Corporation for $$11,220,000$ in cash. The book values and fair values of Steinbecks assets and liabilities were the following: Book ValueFair ValueAccounts receivable$ $1,355,000$$ $1,155,000$Land$1,255,0001,555,000$Equipment$6,855,0007,955,000$Patent$255,0001,255,000$Accounts payable$1,755,0001,755,000$Required:Calculate the amount paid for goodwill.