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nts ourse Correct Answer Agatha King motors had the following transactions during 2020: Paid $180,000 in salaries for scientists working in R&D. Developed a prototype for a new solar panel for $55,000. The company obtained a patent on December 31 for the new design. The patent application fee was $8,000. Acquired Solar Tech on December 31 for $300,000. A fair value appraisal of the acquired company's assets and liabilities reported buildings with a fair value of $170,000, customer lists with a fair value of $7,000 and R&D projects with a fair value of $123,000. Subsequent R&D expenditures for these projects were $22,000. Assuming that the company did not have any intangibles at the beginning of the year, what is the total value of intangibles on the balance sheet as of December 31, 2020? $395,000 $325,000 $15,000 $138,000 $160,000