1/1/20X0 Alpha Co purchased 90000 ordinary $1 shares in Beta Co. At that date Beta Company retained earnings amounted to $80000 and the fair values of beta Company assets at acquisition were equal to their book values, except for a land which have book value is 40000 and fair value is 50000. Three years later, on 31 December 20X2, the statements of financial position of the two companies were: Alpha co Beta Co sundry net assets 250000 260000 shares in beta 200000 450000 260000 share capital ordinary shares of $1 each 200000 100000 retained earnings 250000 160000 450000 260000 The share capital of beta co has remained unchanged since 1 january 20X0. The fair value of the non-controlling interest at acquisition was $38000. During the year Beta sold some goods to Alpha for $80000 at a margin of 40%; 25% of the goods remained unsold at the year end. In the groups consolidated statement of financial position at 31 december 20X2, what amount should appear for goodwill?