On $30$ June $20$X$7,$ Edison Ltd acquired all the assets and liabilities of Oliver Ltd$,$ with Oliver Ltd going into liquidation. In exchange for these assets and liabilities, Edison Ltd issued $60,000$ shares, and the fair value of each share at the acquisition date is $$4.$ Costs of issuing these shares amounted to $$2,000.$ Legal costs associated with the acquisition of Oliver Ltd amounted to $$1,500.$

The assets and liabilities of Oliver Ltd at $30$ June $20$X$7$ were as follows:

$\backslash$table$[[,$Carrying amount,Fair value$],[$Cash$,12000,12000],[\backslash$table$[[$Accounts receivable $($Cost: $$45000,],[$Estimated uncollectable debts: $$5000$