On March 31, 2021, Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation for $18,800,000 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 $ 7,800,000 12,800,000 1,180,000 5,800,000 7,800,000 Fair Value $ 9,300,000 15,800,000 1,680,000 5,800,000 7,300,000 Required: Calculate the amount paid for goodwill. Goodwill