The Joan Distribution Corporation bought a $20\%$ interest in the Swansong Corporation on January $1,2023$ for $$25,000.$ Joan is able to exert significance influence over Erickson.

The buildings will have a useful life of $10$ years, and the equipment will have a useful life of $5$ years. The goodwill will have an infinite life.

Assets Book value Fair value

Current Assets $80008000$

Land $1200012000$Buildings $4000045000$

Equipment $5000060000$

Patents $1000010000$

Total Assets $120000135000$

Liabilities

Accounts Payable $50005000$

Loan Payable $2500025000$

Total Liabilities $3000030000$

Net Income Dividends Paid $15000$

Book Value $5000$

How much was allocated to goodwil?