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 $ 38,100 43,400 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 1 in a horizontal statements model. Complete this question by entering your answers in the tabs below. Required A Required B Compute the annual amortization expense for these items. Amortization expense per year Required A Required B Record the acquisition of the intangible assets and the related amortization expense for year 1 in a horizontal statements model. operating activities, FA for financing activities, or IA for investing activity. Leave the cell blank if there is no effect. Enter any decre all cells will require entry.) DYNAMO MANUFACTURING Horizontal Statements Model Balance Sheet Income Statement Event Assets Statement of Cash Flows = Liabilities + Equity Revenue Net Income Expense Cash + Patent + Goodwill 95,800 + + + 95,800 + + + = Acquisition Amortization + + +