At 1 July, 2016, Walt Ltd purchased all the assets and liabilities of Disney Ltd which operated as a business. In exchange, the shareholders of Disney Ltd received 45,000 fully paid ordinary shares of Walt Ltd, plus $150,000 cash with half to be paid on 1 July 2016 and the remaining cash balance to be paid on 30 June, 2017. The shares of Walt Ltd traded at $8.00 on 1 July 2016. The legal costs incurred by Walt Ltd in issuing its shares to Disney Ltd amounted to $8,000. The assets and liabilities of Disney Ltd recorded at 1 July 2016 were as follows:

	Book Value $	Fair Value $
Plant (net of depreciation)	100,000	150,000
Land	110,000	180,000
Vehicles (net of depreciation)	78,000	98,000
Accounts Receivable	30,000	22,000
Inventory	28,000	40,000
Accounts Payable	20,000	20,000
Debentures Payable	38,000	38,000

Disney Ltd had not recorded its major brand Donald Duck which has a fair value of $50,000 because it did not meet the recognition criteria under AASB 138 Intangible Assets. In addition, Disney Ltd is currently being sued by one of its customers. This was not recognised on the books of Disney Ltd because it did not meet the recognition criteria of a liability. It is estimated that there is a 30% chance that Disney Ltd will win and pay no damages, 50% chance that Disney Ltd will have to pay damages in the amount of $50,000 and a 20% chance that $15,000 will have to be paid.

Accounting and legal costs associated with the acquisition amounted to $6,000. Walt Ltds incremental borrowing rate is 10%. The company tax rate is 30%.

What is the amount of goodwill or gain on bargain purchase. Please enter a positive number to indicate goodwill or a negative number to indicate gain on bargain purchase. The number should be entered without any dollar sign ($), punctuation, or space.