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 $ 33,800 37,400 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. Required A Required B Record the acquisition of the intangible assets and the related amortization expense for year 1 in a horizontal statements model. (In the Cash Flow column, use the initial operating activities, FA for financing activities, or IA for investing activity. Leave the cell blank if there is no effect. Enter any decreases to account balances with a minus 1 all cells will require entry.) Sha DYNAMO MANUFACTURING Horizontal Statements Model Balance Sheet Income Statement Statement of Cash Event Cash Assets Patent Liabilities Equity Revenue Expense Net Flows Goodwill Income 95,300 95,300 Acquisition Amortization