Cullumber Electric Inc. has the following amounts included in its general ledger at December 31, 2020:

Organization costs$35,500Purchased trademarks18,300Development phase activities (meet all six development phase criteria)29,500Deposits with advertising agency for ads to promote goodwill of company8,500Excess of cost over fair value of identifiable net assets of acquired subsidiary81,600Cost of equipment acquired for research and development projects; the equipment has an alternative future use124,400Costs of researching a secret formula for a product that is expected to be marketed for at least20years75,000Payment for a favourable lease; lease term of 10 years14,300

INCORRECT ANSWERS: 114200, 143700, 47800

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