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New Harvest Bakery acquired all the outstanding common stock of Red Rock Bakery for $68,400 in cash. The book values and fair values of Red

New Harvest Bakery acquired all the outstanding common stock of Red Rock Bakery for $68,400 in cash. The book values and fair values of Red Rock's assets and liabilities were as follows:

Book Value Fair Value
Current assets $ 24,800 $ 27,300
Property, plant, and equipment 44,400 55,900
Other assets 3,200 5,300
Current liabilities 18,300 15,700
Long-term liabilities 29,100 20,600

Calculate the amount paid for goodwill.

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