Joni Hyde Inc. has the following amounts reported in its general ledger at the end of the current year.

Organization costs

$24,500

Trademarks

20,360

Discount on bonds payable

35,430

Deposits with advertising agency for ads to promote goodwill of company

10,060

Excess of cost over fair value of net identifiable assets of acquired subsidiary

81,150

Cost of equipment acquired for research and development projects; the

equipment has an alternative future use

94,250

Costs of developing a secret formula for a product that is expected to

be marketed for at least 20 years

87,000

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 =