On January 1, 2021, Parent acquired Sub by issuing $41,000 in common shares. On that date, Sub's fair value of Current Assets and Fixed Assets were worth $10,000 and $63,000, respectively. Further, on January 1, 2021, the fair value of Parent's Current and Fixed assets were worth $64,000 and $103,000 respectively.

Calculate goodwill on the date of acquisition.

Parent and Sub Inc. had the following balance sheets on December 31, 2021:

	Parent Inc	Sub Inc
	(carrying value)	(carrying value)
Cash	$180,000	$36,000
Accounts Receivable	$100,000	$41,000
Inventory	$ 60,000	$24,000
Plant and Equipment (net)	$210,000	$80,000
Trademark	$ -	$0
Goodwill	$0	$25,000
Total Assets	$550,000	$206,000
Current Liabilities	$ 80,000	$51,000
Bonds Payable	$330,000	$20,000
Common Shares	$ 100,000	$80,000
Retained Earnings	$ 40,000	$55,000
Total Liabilities and Equity	$550,000	$206,000