Johnson Corporation acquired all of the outstanding common stock of Smith Corporation for $12,560,000 in cash. The book value of Smith's net assets (assets minus liabilities) was $9,100,000. The fair values of all of Smith's assets and liabilities were equal to their book values with the following exceptions: Receivables Property, plant, and equipment Intangible assets Book Value $2,600,000 9,300,000 330,000 Fair Value $ 2,270,000 10,830,000 1,460,000 Required: Calculate the amount paid for goodwill. Goodwill