Johnson Corporation acquired all of the outstanding common stock of Smith Corporation for $11,360,000 in cash. The book value of Smith's net assets (assets minus liabilities) was $8,100,000. 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 $1,600,000 8,300,000 230,000 Fair Value $1,370,000 9,730,000 1,260,000 Required: Calculate the amount paid for goodwill. Goodwill