On March 31, 2021, Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation for $17,900,000 in cash. The book values and fair values of Barney's assets and liabilities were as follows: Current assets Property, plant, and equipment Other assets Current liabilities Long-term liabilities Book Value $ 6,900,000 11,900,000 1,090,000 4,900,000 6,900,000 Fair Value $ 8,400,000 14,900,000 1,590,000 4,900,000 6,400,000 Required: Calculate the amount paid for goodwill. Goodwill