On March 31, 2018, Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation for $18,200,000 in cash. The book values and fair values of Barneys assets and liabilities were as follows:

	Book Value			Fair Value
Current assets	$	7,200,000		$	8,700,000
Property, plant, and equipment		12,200,000			15,200,000
Other assets		1,120,000			1,620,000
Current liabilities		5,200,000			5,200,000
Long-term liabilities		7,200,000			6,700,000

Required: Calculate the amount paid for goodwill.