Exercise $10-6($Algo$)$ Goodwill $[$LO$10-1]$

On March $31,2021,$ Wolfson Corporation acquired all of the outstanding common stock of Barney Corporation for $$17,900,000$ in cash. The book values and fair values of Barney$$s assets and liabilities were as follows:

Book Value Fair Value

Current assets $ $6,900,000$ $ $8,400,000$

Property, plant, and equipment $11,900,00014,900,000$

Other assets $1,090,0001,590,000$

Current liabilities $4,900,0004,900,000$

Long$-$term liabilities $6,900,0006,400,000$

Required:

Calculate the amount paid for goodwill.