QUESTION 2 Wajidah Bhd has the following amounts reported in its general ledger at 31 December 2019. RM24,000 RM20,000 RM35,000 Organization costs Trademarks Bonds Payable Cost of equipment acquired for R&D projects; the equipment has an alternative future use Costs of developing a secret formula for a product that is expected to be marketed for at least 20 years (all research phase) RM90,000 7RM0,000 REQUIRED: (a) On the basis of the information above, compute the total amount to be reported by Wajidah for intangible assets on its statement of financial position at 31 December 2019. As noted, the equipment has alternative future use. (b) If an item is not to be included in intangible assets, explain its proper treatment for reporting purposes