On March 31, 2021, Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation for $17,000,000 in cash. The book values and fair values of Barney's assets and liabilities were as follows: Book Value Fair Value $ 7,500,000 14,000,000 Current assets Property, plant, and equipment Other assets Current liabilities $ 6,000,000 11,000,000 1,000,000 Long-term liabilities Required: Calculate the amount paid for goodwill. 1,500,000 4,000,000 4,000,000 6,000,000 5,500,000