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 $ 35,500 43,800 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. Complete this question by entering your answers in the tabs below. Required A Required B Compute the annual amortization expense for these items. Amortization expense. per year Required A Required B Maid 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 I operating activities, FA for financing activities, or IA for investing activity. Leave the cell blank if there is no effect. Enter any decreases to acco all cells will require entry.) Event Acquisition Amortization DYNAMO MANUFACTURING Horizontal Statements Model: Balance Sheet Income Statement Cash Assets Patent =Liabilities Equity Revenue Expense + Goodwill Net Income Statement of Cash Flows 93,800+ 93,800 + + +