On March 31, 2021, Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation for $18,700,000 in cash. The book values and fair values of Barneys assets and liabilities were as follows:

	Book Value			Fair Value
Current assets	$	7,700,000		$	9,200,000
Property, plant, and equipment		12,700,000			15,700,000
Other assets		1,170,000			1,670,000
Current liabilities		5,700,000			5,700,000
Long-term liabilities		7,700,000			7,200,000

Required: Calculate the amount paid for goodwill.