INCUME SIAIEMENIS For the Year Ended December 31, Year 4 Kay's assets and liabilities equarenased all of Kays $10 par, voting common stock for $600,000. On that date, the fair values of intangible assets over a 10-year period carrying amounts of $660,000 and $160,000, respectively, Dean amortizes its period using the straight-line method. receives the 100% and Kay paid cash dividends of $50,000 and $10,000, respectively. For tax purposes, Dean - No intraentity transactions for dividends received from Kay. of Kays earnings. either Dean's or 4 , Dean sold 2,000 shares of its common stock for $17 per share. No other changes occurred in In Dean's Year 4 consolidated income statement, what amount should be reported for amortization of goodwil? $10,000 $0 $9,000 $7,000