Dynamo Manufacturing began Year 2 with $90,000 Cash and Retained Earnings. On Jan 1, Year 2, Dynamo Manufacturing paid cash to acquire the assets of an existing company. Among the assets acquired were the following items:

• $40,000 for patent with four remaining years of legal life
• $35,000 for goodwill

Before the end of Year 2, Dynamo determined that Goodwill had been permanently impaired. It estimated this impairment to be $5,000.

What is the ending balance in the Patent account?

What i the ending balance in the Goodwill account?

What is Dynamo's Operating Loss for Year 2?

What is Dynamo's Net Loss for Year 2?