On 31 March 20X3, Subs Ltd had issued share capital of 50,000 ordinary £1 shares and reserves of £30,000. Two years later, the reserves had risen to £45,000 but the share capital was unchanged. Parent Undertaking Ltd purchased shares in Subs Ltd: 

(i) 12,500 shares on 31 March 20X3 for £32,000 and 

(ii) 18,000 shares on 31 March 20X5 for £29,000. Calculate the figure for goodwill that will appear in the consolidated balance sheet as at 31 March 20X5.