2- Dubai Corporation acquired 100 percent of Sharjah Company's common stock on January 1, 2019. Balance sheet data for the two companies immediately following the acquisition follows:

Item	Dubai Corporation					Sharjah Company
Cash		$	30,000					$	25,000
Accounts Receivable			80,000						40,000
Inventory			150,000						55,000
Land			65,000						40,000
Buildings and Equipment			260,000						160,000
Less: Accumulated Depreciation			(120,000	)					(50,000	)
Investment in Spin Company Stock			150,000
Total Assets		$	615,000					$	270,000
Accounts Payable			$45,000						$33,000
Taxes Payable			20,000						8,000
Bonds Payable			200,000						100,000
Common Stock			50,000						20,000
Retained Earnings			300,000						109,000
Total Liabilities and Stockholders' Equity		$	615,000					$	270,000

At the date of the business combination, the book values of Sharjah's net assets and liabilities approximated fair value except for inventory, which had a fair value of $60,000, and land, which had a fair value of $50,000. The fair value of land for Dubai Corporation was estimated at $80,000 immediately prior to the acquisition.

d) Based on the preceding information, what amount of goodwill will be reported in the consolidated balance sheet prepared immediately after the business combination?