On March 31, 2018, Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation for $18,400,000 in cash. The book values and fair values of Barneys assets and liabilities were as follows:

	Book Value			Fair Value
Current assets	$	7,400,000		$	8,900,000
Property, plant, and equipment		12,400,000			15,400,000
Other assets		1,140,000			1,640,000
Current liabilities		5,400,000			5,400,000
Long-term liabilities		7,400,000			6,900,000

Required: Calculate the amount paid for goodwill.