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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

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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 $36,700 Goodwill 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. Complete this question by entering your answers in the tabs below. Compute the annual amortization expense for these items. Fcord the acquisition of the intangible assets and the related amortization expense for Year 1 in a horizontal statements model. mplete this question by entering your answers in the tabs below. ord the acquisition of the intangible assets and the related amortization expense for Year 1 in a horizontal statements model. e: In the Statement of Cash Flows column, use the initials OA to designate operating activity, IA for investing activity, and FA for financing activity. flows with a minus sign. Not all cells require input. Round final answers to the nearest whole dollar amount

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