On March 31, 2018, Wolfson Corporation acquired all of the outstanding common stock of BarneyCorporation for $18,000,000 in cash. The book values and fair values of Barney's assets and liabilities wereas follows:Book ValueFair ValueCurrent assets$ 7,000,000$ 8,500,000Property, plant, and equipment12,000,000 15,000,000Other assets1,100,0001,600,000Current liabilities 5,000,0005,000,000Long-term liabilities7,000,0006,500,000

Required:Calculate the amount paid for goodwill.