Dylan Company acquits 100% of the stock of Lennon Co. Dylan pays $500,000 in cash. When Dylan purchases Lennon, the fair value of Lennon's assets and liabilities are as follows: Accounts receivable Inventory Land and buildings Other fixed assets Trademarks and customer lists $125,000 $275,000 $ 250,000 $ 100,000 $ 100,000 Accounts payable and other current liabilities ($120,000) Long-term debt Fair value of net assets ($400,000) $ 330,000 a) Determine the amount of goodwill Dylan pays. Show the calculation. b) Explain whether goodwill is amortized or subject to impairment treatment and the reason for that accounting treatment