Joni Teal Mountain Inc. has the following amounts reported in its general ledger at the end of the current year. Organization cost. $22,900 Trademark. 13,900 Discount on bonds payable. 35,900 Deposit with advertising agency for ads to promote goodwill of company. 10,900

Excess of cost over fair value of net identifiable assets of acquired subsidiary. 75,900

Cost of equipment acquired for research and development projects; the equipment has an alternative future use. 85,900

Cost of developing a secret formula for a product that is expected to be marketed for at least 20 years. 80,800

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

Total amount reported for intangible assets $______________

cstngts e ager at the ene 22.900 13.900 35.900 5 900 Cost of 85.900