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 539,000 38, 900 Dynamo's financial condition just prior to the acquisition of these assets is shown in the following statements model: Lab Equity Rev. Exp Net Inc Cash Flow + Cash 87.200 Assets Patent NA . + Goodwill NA NA + 87,200 NA NA NA 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 in a horizontal statements model like the one shown earlier 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 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 like the one shown earlier. 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 Required B Journal entry worksheet B > Record cash paid to acquire the assets of an existing company. Note: Enter debits before credits. General Journal Event 1 Debit Credit Record entry Clear entry View general journal Journal entry worksheet