Adair Ltd purchased from Ewa Ltd the following parcel of assets and liabilities which together operated as a business. The consideration paid for the acquisition was $12,000 cash, plus 20,000 fully paid ordinary shares in Adale Ltd which were trading at $3.80 on the ASX at the date of the acquisition. A customer list that was not recognised on Adair Ltd's balance sheet was acquired by Ewa. The estimated fair value of the customer list is $25,000. After the transaction, Ewa Ltd continued its other operations. Information about the acquired business's assets and liabilities is as follows: Accumulated Fair Item Cost Depreciation $ Value or Estimated $ Bad Debts $ Acc. 10,000 5,000 9,000 receivable Land 20,000 30,000 Vehicles 25,000 5,000 15,000 Equipment 30,000 8,000 20,000 Acc. payable 20,500 20,500 Unrecognised contingent 8,000 liability Unrecognised brand 5,000 What is the amount of "gains on sale of the business" to be recognised in the records of Ewa Ltd? Enter the value in the box below. The number should be entered without any dollar sign ($), punctuation, or space