Colossal Industries acquired Smalltime Company just before its year-end on 12/31/Year8

Colossal paid $5 million to purchase Smalltime Company. Information on Smalltime as of December 31, Year8 (the date it was acquired) follows:

(see picture)

A. What is the estimated amount of goodwill arising from this purchase?

B. Calculate total amortization expense on Colossal's books for the Year9 (the first year that amortization is recorded following the acquisition).  List the name of the intangible(s) and the amount of amortization.

wers to A