Among the assets acquired were the following items: Required: a. Compute the annual amortization expense for these items. b. Record the acquisition of the intangible assets and the related amortization expense for Year 1 in a horizontal statements model. Complete this question by entering your answers in the tabs below. Compute the annual amortization expense for these items. Record the acquisition of the intangible assets and the related amortization expense for Year 1 in a horizontal statements model. Note: in the Statement of Cash Flows column, use the initials OA to designate operating activity, IA for investing activity, and EA fo outfiows with a minus sign. Not all cells require input. Round final answers to the nearest whole dollar amount. aring your answers in the tabs below. ible assets and the related amortization expense for Year 1 in a horizontal statements model. W5 column, use the initiais OA to designate operating activity, IA for investing activity, and FA for finaricing activity. Enter any decrea: cells require input. Round final answers to the nearest whole dollar amount. Dynamo Manufacturing paid cash to acquire the assets of an existing company. Among the assets acquired were the following items: Patentwith4remainingyearsoflegallifeGoodwill41,70039,900 Required: a. Compute the annual amortization expense for these items. b. Record the acquisition of the intangible assets and the related amortization expense for Year 1 in a horizontal statements model. Complete this question by entering your answers in the tabs below. Record the acquisition of the intangible assets and the related amortization expense for Y Note: In the Statement of Cash Flows column, use the initials OA to designate operating outfiows with a minus sign. Not all cells require input. Round final answers to the nearest