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 $ 32,100 36,700 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 shown below. Complete this question by entering your answers in the tabs below. Required A Required B Record the acquisition of the intangible assets and the related amortization expense for year 1 in a horizontal statements model shown below. (In the Cash Flow column, initials OA for operating activities, FA for financing activities, IA for investing activity. Leave the cell blank if there is no effect. Enter any decreases to account balances wi minus sign.) DYNAMO MANUFACTURING Horizontal Statements Model Balance Sheet Income Statement Assets = Liabilities + Net Revenue Equity Expense = Patent + Goodwill Income 85,200 Event Statement of Cash Flows Cash + 85,200 + + Acquisition Patent +