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 $32,700 Goodwill 36,800 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 shown below 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 1 in a horizontal statements model shown below. (In the Cash Flow column, use the initials OA for operating activities, FA for financing activities, IA for investing activity. Leave the cell blank if there is no effect. Enter any decreases to account balances with a minus sign.) DYNAMO MANUFACTURING Horizontal Statements Model Balance Sheet Income Statement Event Assets Statement of Cash Liabilities Equity Revenue Net + Patent + Goodwill Flows Cash Expense Income 97,500 97,500 Acquisition Patent