19 1 ints Skipped Check my work Dynamo Manufacturing paid cash to acquire the assets of an existing company. Among the assets acquired were the following items. Patent with 4 remaining years of legal life Goodwill $39,000 42,100 Dynamo's financial condition just prior to the acquisition of these assets is shown in the following statements model. Balance Sheet Income Statement eBook Hint Cashi + 86,200 . Required Assets Patent NA Goodwill Stockholders' NA Net Liabilities + Equity Revenue Expenses Income NA 86,200 NA NA Statement of Cash Flows NA NA Print References a. Compute the annual amortization expense for these items. b. Show the acquisition of the intangible assets and the related amortization expense for Year 1 in a horizontal statements model c. Prepare the journal entries to record the acquisition of the intangible assets and the related amortization for year 1. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the annual amortization expense for these items. Patent 9.750 per year Required B> Check my work 9 c. Prepare une journal entries to record une acquisition or the intangoe assets and the related amortization for year Complete this question by entering your answers in the tabs below. Required A Required B ipped Required C Book Print erences Show the acquisition of the intangible assets and the related amortization expense for Year 1 in a horizontal statements model. (In the Statement designate operating activity, IA for investing activity, and FA for financing activity. Leave blank to indicate that an element is not affected by the e and cash outflows with a minus sign. Round final answers to the nearest whole dollar amount.) DYNAMO MANUFACTURING Horizontal Statements Model Balance Sheet Income Statement Event Assets Liabilities Stockholders' Equity Revenue Net Income Statement of Cash Flows Cash 4 Patent 86,200 Goodwill 86,200 Acquisition Amortization Prev 19 of 19 Next 19 Required A Required B Required C Check my work ts Skipped eBook Hint Prin ferences Prepare the journal entries to record the acquisition of the intangible assets and the related amortization for year 1. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round final answers to the nearest whole dollar amount.) View transaction list Journal entry worksheet < B Record cash paid to acquire the assets of an existing company. Note: Enter debits before credits Event 1 General Journal Debit Credit Recent entor Cleacantes c jour the acquisition or the intangible assets and the related amortization for year 1. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round final answers to the nearest whole. dollar amount.) View transaction list Journal entry worksheet < A B Record amortization expenses for patents. Note: Enter debits before credits Event 2 General Journal Debit Credit Record entrar Clearantos View generatiournal < Prev 19 of 19 Next >