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 39,60035,600 Dynamo's financial condition just prior to the acquisition of these assets is shown in the following statements model. Required o. 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. Compute the annual amortization expense for these items. Required a. Compute the annual amortization expense for these items. b. Show the acquisition of the intangibie assets and the related amortization expense for Year in a horizontal statements model. c. Prepare the joum entries to record the acquisition of the intang ble assets and the related amortization for year 1 . Complete this question by entering your answers in the tabs below. Show the acquisition of the intangible assets and the related amortization expense for Year 1 in a horizontal statements model. (lin the 5 tatement of cash Flows colimin, ine Ihin cash outflows with a minus sigh.) Journal entry worksheet Record cash paid to acquire the assets of an existing company. Note: Enter debits before credits. Journal entry worksheet Record amortization expenses for patents. Note: Enter debits before credits