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 $ 40,000 35,000 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> 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 Record the acquisition of the intangible assets and the related amortization expense for Year in a horizontal statements model. (In the Statement of Cash Flows co operating activity, IA for investing activity, and FA for financing activity. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells re nearest whole dollar amount.) Event DYNAMO MANUFACTURING Horizontal Statements Model Balance Sheet Liabilities Stockholders + Goodwill Equity 90,000 Income Statement Assets Patent Revenue Cash 90.000 Expense Net Statement of Cash Flows Income Acquisition Amortization expense