Patent with 4 remaining years of legal life Goodwill $ 40,000 35,000 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 Record the acquisition of the intangible assets and the related amortization expense for year 1 in a horizontal statements model. (In the Cash Flow column, use the initial! financing activities, or IA for investing activity. Leave the cell blank if there is no effect. Enter any decreases to account balances with a minus sign. Not all cells will requir DYNAMO MANUFACTURING Horizontal Statements Model Balance Sheet Income Statement Event Assets Statement of Cash Flows Liabilities Equity Revenue Expense = Net Income Cash + Patent Goodwill 90,000 + + + 90,000 Acquisition Amortization + + 40,000+ (10,000) + 35,000 = + + (10,000) (10,000) (10,000)