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 $42,000 43,700 Dynamo's financial condition just prior to the acquisition of these assets is shown in the following statements model. Balance Sheet Income Statement Assets Cash 89,500 + + Patent + Goodwill NA NA Stockholders' Liabilities + Equity NA + 89,500 Revenue NA Net - Expenses Income NA NA Statement of Cash Flows NA Required a. Compute the annual amortization expense for these items. b. Show the acquisition of the intangible assets and the related amortization expense for Year 1 in a horizontal statements model. c. Prepare the journal entries to record the acquisition of the intangible assets and the related amortization for year 1. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the annual amortization expense for these items. Patent per year