Derek purchases a small business from Art on September 1, 2019. He paid the following amounts for the business:

Fixed assets	$292,600
Goodwill	58,520
Covenant not to compete	73,150
Total	$424,270

a. How much of the $424,270 purchase price is for Section 197 intangible assets? $fill in the blank 322b13fff07b045_1

b. What amount can Derek deduct on his 2019 tax return as Section 197 intangible amortization?

If required, round the final answer to the nearest dollar. Use months, not days, in your computations.