Wing Ltd acquired all the issued shares of Leg Ltd for cash consideration of $300 000. At the date of acquisition Leg Ltd had: - share capital $100 000. - retained earnings $100 000. - buildings: book value $100 000 and fair value $180 000. - machinery: book value $120 000 and fair value $140 000. What is the amount of goodwill recognised on consolidation? Assume the company tax rate is 30%