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hdohnson Corporation acquired all of the outstanding common stock of Smith Corporation for $12,440,000 in cash. The book value of Smith's net assets (assets minus liabilitles) was $9,000,000. The fair values of all of Smith's assets and liabilities were equal to their book values with the following exceptions: Receivables Property, plant, and equipment Intangible assets Book Value $2,500,000 9,200,00 320,000 Fair Value $2,180,000 10,720,000 1,440,000 Required: Calculate the amount paid for goodwill. Goodwill