es 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 $38,300 42,700 Dynamo's financial condition just prior to the acquisition of these assets is shown in the following statements model. Assets Cash - + Patent 98,600 + Required + + Balance Sheet Required A Required B Goodwill = Liabilities + E + Patent Complete this question by entering your answers in the tabs below. Required C Compute the annual amortization expense for these items. Stockholders' Equity 98,600 per year Revenue 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. c. Prepare the journal entries to record the acquisition of the intangible assets and the related amortization for year 1. Expenses = Net Income Statement of Cash Flows

Dynamo Manufacturing paid cash to acquire the assets of an existing company. Among the asset5 acquired were the following items. Dynamo's financial condition just prior to the acquisition of these assets is shown in the following statements model. 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. 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. Compute the annual amortization expense for these items. 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. c. Prepare the journal entries to record the acquisition of the intanglble assets and the related amortization for year 1. Complete this question by entering your answers in the tabs below. Show the acquisition of the intangible assets and the related amortization expense for Year 1 in a horizontal statements model. (In the Statement of Cash Fiows colu designate operating activity, IA for investing activity, and FA for financing activity. Leave blank to indicate that an element is not affected by the event. Enter any dec and cash outflows with a minus sign. Round final answers to the nearest whole dollar amount.) Prepare the journal entries to record the acquisition of the intengible assets and the related amortization for year - , (If no entry is required for a transaction/event, select "No joumat entry required" in the first account fieid. Round final answers to the nearest whole dollar amount.) Journal entry worksheet B Record cash paid to acquire the assets of an existing company. Noteli Eriter debits before credits