*Exercise 12-3 Joni Sage Hill Inc. has the following amounts reported in its general ledger at the end of the current year. Organization costs Trademarks Discount on bonds payable Deposits with advertising agency for ads to promote goodwill of company Excess of cost over fair value of net identifiable assets of acquired subsidiary 76,500 Cost of equipment acquired for research and development projects; the $23,500 15,100 36,500 11,500 equipment has an alternative future use Costs of developing a secret formula for a product that is expected to 86,500 be marketed for at least 20 years te, On the basis of this information, compute the total amount to be reported by Sage Hill for intangible assets on its balance sheet at year-end. Total amount reported for intangible assets