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Joni Larkspur Inc. has the following amounts reported in its general ledger at the end of the current year. Organization costs $22,100 Trademarks 12,300 Discount

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

Organization costs $22,100
Trademarks 12,300
Discount on bonds payable 35,100
Deposits with advertising agency for ads to promote goodwill of company 10,100
Excess of cost over fair value of net identifiable assets of acquired subsidiary 75,100
Cost of equipment acquired for research and development projects; the
equipment has an alternative future use 85,100
Costs of developing a secret formula for a product that is expected to
be marketed for at least 20 years

79,200

On the basis of this information, compute the total amount to be reported by Larkspur for intangible assets on its balance sheet at year-end.

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