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

Organization costs		$35,400
Purchased trademarks		18,200
Development phase activities (meet all six development phase criteria)		30,700
Deposits with advertising agency for ads to promote goodwill of company		8,400
Excess of cost over fair value of identifiable net assets of acquired subsidiary		80,500
Cost of equipment acquired for research and development projects; the equipment has an alternative future use		124,000
Costs of researching a secret formula for a product that is expected to be marketed for at least 20 years		74,700
Payment for a favourable lease; lease term of 10 years		15,300

(a) Based on the information provided, calculate the total amount for Cullumber to report as intangible assets on its statement of financial position at December 31, 2020. Assume Cullumber uses IFRS to prepare its financial statements.

Total amount of intangible assets to be reported

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