On March 31, 2021, Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation for $18,500,000 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 $ 7,500,000 12,500,000 1,150,000 5,500,000 7,500,000 Fair Value $ 9,000,000 15,500,000 1,650,000 5,500,000 7,000,000 Required: Calculate the amount paid for goodwill. Goodwill