On March 31, 2021, Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation for $18,400,000 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 Required: Calculate the amount paid for goodwill. Goodwill Book Value $ 7,400,000 Fair Value $ 8,900,000 12,400,000 15,400,000 1,140,000 5,400,000 1,640,000 5,400,000 7,400,000 6,900,000