Dynamo Manufacturing paid cash to acquire the assets of an existing company. Among the assets acquired were the following items Petent with dretnine years of legal 1170 Good 51.00 15,000 Alisa Kay Sue Dynamo's financial condition just prior to the acquisition of these assets is shown in Required B. 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 in a horizontal statements model DYNAMO MANUFACTURING Horizontal Statements Model Balance Sheet Income Statement Event Assets Statement of Cash Flows Liabilities Equity Revenue Expense Net Income Patent Goodwill Cash 90,000+ (75,000) 90,000 40.000 (75,000) Acquisition Amortization