Problem 2 (9/24) On March 31, 2016, Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation for $18,000,000 in cash. The book values and fair values of Barneys assets and liabilities were as follows:

	Book Value			Fair Value
Current assets	$	7,000,000		$	8,500,000
Property, plant, and equipment		12,000,000			15,000,000
Other assets		1,100,000			1,600,000
Current liabilities		5,000,000			5,000,000
Long-term liabilities		7,000,000			6,500,000

Required:

Calculate the amount paid for goodwill.P