On March 31, 2021, Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation for $17,400,000 in cash. The book values and fair values of Barneys assets and liabilities were as follows:

	Book Value			Fair Value
Current assets	$	6,400,000		$	7,900,000
Property, plant, and equipment		11,400,000			14,400,000
Other assets		1,040,000			1,540,000
Current liabilities		4,400,000			4,400,000
Long-term liabilities		6,400,000			5,900,000

Required: Calculate the amount paid for goodwill.