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

Organization costs $35,500

Purchased trademarks 17,600

Development phase activities (meet all six development phase criteria) 31,000

Deposits with advertising agency for ads to promote goodwill of company 8,100

Excess of cost over fair value of identifiable net assets of acquired subsidiary 81,000

Cost of equipment acquired for research and development projects; the equipment has an alternative future use 125,700

Costs of researching a secret formula for a product that is expected to be marketed for at least 20 years 74,200

Payment for a favourable lease; lease term of 10 years 15,400

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