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Joni Marin Inc. has the following amounts reported in its general ledger at the end of the current year. Organization costs $22,200 Trademarks 12,500 Discount

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

Organization costs $22,200
Trademarks 12,500
Discount on bonds payable 35,200
Deposits with advertising agency for ads to promote goodwill of company 10,200
Excess of cost over fair value of net identifiable assets of acquired subsidiary 75,200
Cost of equipment acquired for research and development projects; the
equipment has an alternative future use 85,200
Costs of developing a secret formula for a product that is expected to
be marketed for at least 20 years 79,400

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

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