Tuzation 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 $ 31,400 36,989 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 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 > 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 $ 31,400 36,900 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 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 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 accour minus sign.) DYNAMO MANUFACTURING Horizontal Statements Model Balance Sheet Income Statement Statement of Cash Event Assets Net Flows - Liabilities - Equity Revenue - Expense Income Cash - Patent - Goodwill 91.500 + 91,500 Acquisition Patent