On 30 June 2020, Ice Ltd acquired all the issued shares (cum div.) of Cream Ltd for $393 000. At this date, the financial statements of Cream Ltd showed the following balances in its accounts.

Share Capital	$ 176 000
Retained earnings	$ 92 000
General Reserve	$ 6 000
Dividend Payable	$ 19 000

At acquisition date, all the identifiable assets and liabilities of Cream Ltd were recorded at amounts equal to fair value except for the following:

	Carrying amount	Fair value
Inventories	$15 000	$22 000
Plant (cost $100 000)	$60 000	$66 000

The company tax rate is 30%.

Required:

What is the amount of Goodwill or Gain on Bargain Purchase arising from the business combination? Please enter a positive number to indicate Goodwill or a negative number to indicate Gain on Bargain Purchase.

Enter the value in the box below. The number should be entered without any dollar sign ($), punctuation, or space. Incorrectly formatted answers will not be awarded any marks.