12. The Harden Company began business early in 2016, when Harden paid an initial fee of S125,000 to purchase a franchise. In forming the company, Harden also spent $17,000 on legal fees and $4,500 on accounting fees. During the year, Harden spent $7,500 on product development and paid $25,000 in continuing franchise fees. What amount should Harden capitalize for intangible assets in 2016