On March 31, 2018, Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation for $18,700,000 in cash. The book values and folr values of Barney's assets and liabilities were as follows: Book Value Fair Value Current assets $. 7,700,000 $ 9,200,000 Property, plant, and epipment 12,700,000 15,700,000 Other assets 1,170,000 1,670,000 Current liabilities 5,700,000 5,700,000 Long-ter Liabilities 7,700,000 7,200,000 Required: Calculate the amount paid for goodwill. Goodwi herg Save & Exit Subm Pinewood Company purchased two buildings on four acres of land. The lump sum purchase price was $2,700,000. According to independent appraisals, the fair values were $1,260,000 (building A) and $560,000 (building B) for the buildings and $980,000 for the land, Required: Determine the initial valuation of the buildings and the land, Asset Initial Valuation Land Building A Building B Total