Josef Ltd acquired 90% of the share capital and reserves of Peter Limited for $170,000. Share capital was $100 000 and reserves amounted to $62 000. All assets and liabilities were recorded at fair value except equipment which was recorded at $30 000 below fair value. The company tax rate was 30%. The partial goodwill method is adopted by the group. What is the amount of goodwill acquired by Josef Ltd in this business combination?