Merger and Stock Investment

Saxton Corporation purchases all of Taylor Company$$s assets and liabilities on January $1,2021,$ for $$15$ million in cash. At the date of acquisition, Taylor$$s reported assets consist of current assets of $$10$ million and plant and equipment of $$70$ million. It reports current liabilities of $$16$ million and long$-$term debt of $$58$ million. Investigation reveals that Taylor$$s plant and equipment is overvalued by $$2$ million and it has an unreported customer database valued at $$700,000.$

PLEASE tell me how to calulate Goodwill. It is $10,300,000$ but I$\text{'}$m not sure how to arrive at the answer.