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 $37,100 37,300 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 Required A B Required A annual amortization expense for these items. Amortization per expense year Required 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 initials OA for 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 sign. Not all cells will require entry.) Show less DYNAMO MANUFACTURING Horizontal Statements Model Balance Sheet Income Statement Statement Event Assets Net of Cash = Liabilities + Equity Revenue - Expense = Cash + Patent + Goodwill Income Flows 91,400 + +91,400 Acquisition Amortization + + + + + + +