On 31 March 2003, Son Ltd had issued share capital of 75,000 ordinary £1 shares and reserves of £40,000. Two years later, the reserves had risen to £60,000 but the share capital was unchanged.

Pa Ltd purchased shares in Son Ltd: (i) 20,000 shares on 31 March 2003 for £34,000 and (ii) 30,000 shares on 31 March 2005 for £48,000. Calculate the figure for goodwill that will appear in the consolidated balance sheet as at 31 March 2005. :