On March 31, 2018, Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation for $17,700,000 in cash. The book values and fair values of Barneys assets and liabilities were as follows:

	Book Value			Fair Value
Current assets	$	6,700,000		$	8,200,000
Property, plant, and equipment		11,700,000			14,700,000
Other assets		1,070,000			1,570,000
Current liabilities		4,700,000			4,700,000
Long-term liabilities		6,700,000			6,200,000

Required: Calculate the amount paid for goodwill.