Exercise 12-3 Joni Hyde Inc. has the following amounts reported in its general ledger at the end of the current year. Organization costs $28,790 Trademarks 24,850 Discount on bonds payable 37,920 Deposits with advertising agency for ads to promote goodwill of company 11,480 Excess of cost over fair value of net identifiable assets of acquired subsidiary 77,230 Cost of equipment acquired for research and development projects; the equipment has an alternative future use 87,540 Costs of developing a secret formula for a product that is expected to be marketed for at least 20 years 81,510 On the basis of this information, compute the total amount to be reported by Hyde for intangible assets on its balance sheet at year-end. Equipment has alternative future use. Total intangible assets $