Dynamo Manufacturing paid cash to acquire the assets of an existing company. Among the assets acquired were the following items Patent with 4 reining years of legal lite $32,000 Goodwill 36,100 Dynamo's financial condition just prior to the acquisition of these assets is shown in the following statements model Balance Sheet Income Statement Assets Patent NA Cash 91,200 statement of Cash Plows NA + Goodwill NA Stockholdere Equity 91,200 - Liabilities NA Set Income MA Revenge NA Expenses HA 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 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 Compute the annual amortization expense for these items Patent per year Complete this question by entering your answers in the tabs below. Required A Required B Required Show the acquisition of the intangible assets and the related amortization expense for Year 1 in a hortontal statements model. (In the Statement of Cash Flows column designate operating activity, IA for investing activity, and TA for financing activity. Leave blank to indicate that an element is not affected by the event. Enter any decreas and cash outflows with a minus sign. Round final answers to the nearest whole dollar amount) DYNAMO MANUFACTURING Horizontal Statements Model Balance Sheet Income Statement Statement of Cash Flow Event Assets Liabilities Stockholders Equity Revenue Nel Income Expenses Patent Goodwill Cash 01.200+ 91,200 Acquisition Amortization A Record cash paid to acquire the assets of an existing company. B Record amortization expenses for patents. Sredit Note : = journal entry has been entered Record entry Clear entry View general Journal