Johnson Corporation acquired all of the outstanding common stock of Smith Corporation for $13,040,000 in cash. The book value of Smith's net assets (assets minus liabilities) was $9,500,000. 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 $3,000,000 9,700,000 370,000 Fair Value $ 2,630,000 11,270,000 1,540,000 Required: Calculate the amount paid for goodwill. Goodwill