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

$$32,200$

$38,760$

Dynamo's financial condition just prior to the acquisition of these assets is shown in Required $B$

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.

Comnlete this auestion by entering your answers in the tabs below.

Complete this question by entering your answers in the tabs below.

annual amortization expense for these items.

per year

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 for operating activities, FA for financing activities, or IA for investing

balances with a minus sign. Leave cells blank if no input is needed.

DYNAMO MANUFACTURING

Horizontal Statements Model

le assets and the related amortization expense for year $1$ in a horizontal statements model.

$5$ column, use the initials $O$ A for operating activities, FA for financing activities, or IA for investing activity. Enter an

Ills blank if no joug is heeded.

DYNAMO MANUFACTURING

Horizontal Statements Model

Balance Sheet

Assets