Richland Company acquires Seameyer, Inc., by issuing 20,000 shares of $1 par common stock with a market price of $25 per share on the acquisition date and paying $100,000 cash. The assets and liabilities on Seameyer's balance sheet were valued at fair values except equipment that was undervalued by $175,000. There was also an unrecorded patent valued at $32,500, as well as an unrecorded trademark valued at $80,000. In addition, the agreement provided for additional consideration, valued at $60,000, if certain earnings targets were met.

The pre-acquisition balance sheets for the two companies at acquisition date are presented below.

	Richland	Seameyer
Cash	$130,550	$17,300
Accounts receivable	64,000	116,000
Inventory	97,000	149,000
Property, plant, and equipment	1,611,050	179,350
	$1,902,600	$461,650
Accounts payable	$31,350	$21,150
Salaries and taxes payable	24,530	36,800
Notes payable	550,000	100,000
Common stock	110,000	30,000
Additional paid-in capital	850,000	37,500
Retained earnings	336,720	236,200
	$1,902,600	$461,650

Compute consolidated identifiable intangible assets.