Exercise 8-21A (Algo) Computing and recording the amortization of intangibles LO 8-10, 8-11 Dynamo Manufacturing paid cash to acquire the assets of an existing company. Among the assets acquired were the following items: 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. ecord the acquisition of the intangible assets and the related amortization expense for Year 1 in a horizontal statements model. ote: In the Statement of Cash Flows column, use the initials OA to designate operating activity, IA for investing activity, and FA for financing act utflows with a minus sign. Not all cells require input. Round final answers to the nearest whole dollar amount