On March 31, 2016, Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation for $19,000,000 in cash. The book values and fair values of Barneys assets and liabilities were as follows:

	Book Value			Fair Value
Current assets	$	8,000,000		$	9,500,000
Property, plant, and equipment		13,000,000			16,000,000
Other assets		1,200,000			1,700,000
Current liabilities		6,000,000			6,000,000
Long-term liabilities		8,000,000			7,500,000

Required: Calculate the amount paid for goodwill.