Award: 12.50 points Exercise 6-19 Computing and recording the amortization of intangibles LO 6-9, 6-10 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 S 36,700 40,900 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 shown below. Complete this question by entering your answers in the tabs below. Required A Required B Compute the annual amortization expense for these items. Patent per year Required B > PHILIPS ynamo 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 $ 36,700 40.900 Required a. Compute the annual amortization expense for these items. b. Record the acquisition of the intangible assets and the related amortization expense for yoar 1 in a horizontal statements model shown below. 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 shown below. In the Cash Flow colum initials OA for operating activities, FA for financing activities, IA for investing activity. Leave the cell blank if there is no effect. Enter any decreases to account balances Iminus sign) DYNAMO MANUFACTURING Horizontal Statements Model Income Statement Net Liabilities - Equity Revenue - Expenso Income 97 000 Statement of Cash Flows Balance Sheet Assets Patent + Goodwill Event Cash 97000 Acquisition Patent PHILIPS