New Harvest Bakery acquired all the outstanding common stock of Red Rock Bakery for $69,800 in cash. The book values and fair values of Red Rock's assets and liabilities were as follows: Current assets Property, plant, and equipment Other assets Current liabilities Long-term liabilities Book Value $25,100 47,600 3,300 14,500 25,400 Fair Value $24,000 52,000 5,900 13,300 21,700 Calculate the amount paid for goodwill. Goodwill