30, $147,000 Asume the company had a loss (instead of the gain) on the sale of equipment of $3,000, determine IBT Use the following to answer questions 31-32 Last year T, Inc., had the following expenditures related to developing its trademark: General advertising costs Advertising specifically focused on trademark Legal fees to register trademark Legal fees for successful defense of new trademark Total $224,000 45,600 600 75,000 $345,200 During your year-end review of the accounts related to intangibles, you discover that the company has capitalized all the above as costs of the trademark. Management contends that all the costs increase the value of the trademark and, therefore, should be capitalized. 31. Which of the above costs should NOT be capitalized? 32. $._ What is the total cost that should be capitalized to the trademark account? Chapter 7 Spring 2020 Page 7-13 osrampng