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 $15,000 cash, plus 20,000 fully paid ordinary shares in Adale Ltd which were trading at $3.10 on the ASX at the date of the acquisition. A customer list that was not recognised on Adair Ltds balance sheet was acquired by Ewa. The estimated fair value of the customer list is $30,000. After the transaction, Ewa Ltd continued its other operations. Information about the acquired businesss assets and liabilities is as follows:

Item	Cost $	Accumulated Depreciation or Estimated Bad Debts $	Fair Value $
Acc. receivable	10,000	5,000	9,000
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 liability			11,000
Unrecognised brand			4,000

What is the amount of "goodwill " to be recognised in the records of Adair Ltd?

Enter the value in the box below. The number should be entered without any dollar sign ($), punctuation, or space.