Company A acquired Company B for a cost of $30,000.$

Company B Statement of Financial Postion $($Balance Sheet$)$ shows a value of $25,000.$

The market value of Company B has been valued at $29,000.$

A competitor was prepared to pay $32,000$

The goodwill on acquisition is:

Group of answer choices

$4,000$

$5,000$

$7,000$

$1,000$