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 falr values of Barneys assets and liabilities were as follows

Exercise 10-6 (Algo) Goodwill [LO10-1] 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: Book Value Fair Valve Current assets $ 7,400,000 $ 8,900,000 Property, plant, and equipment 12,400,000 15,400,000 Other assets 1,140,000 1,640,000 Current liabilities 5,400,000 5,400.000 Long-term liabilities 7,400,000 6,900,000 Required: Calculate the amount paid for goodwill Oooane