On 1 July 2027, Investor Ltd (Investor) acquired all of the ordinary shares in Investee Ltd (Investee) by paying cash. At that date, the equity of Investee was as follows.

$

Issued capital (100 000 shares issued)100 000

Retained earnings80 000

Total equity180 000

Acquisition-related costs totalled $2000

On acquisition, Investor revalued the assets of Investee to fair value, resulting in a revaluation increment of $20 000. The revaluation led to the recognition of a deferred tax liability of $6000. The amount of goodwill included in the consolidated statement of financial position was $10 000.

Required

Calculate the amount of the consideration paid by Investor for the shares in Investee. Show workings and calculations.