The following financial information is from Cook Company:

Accounts Payable	$ 55,000
Land	90,000
Inventory	10,500
Accounts Receivable	7,500
Equipment	8,000
Deferred Revenue	58,500
Short-Term Investments	20,000
Notes Receivable (due in 8 months)	45,500
Interest Payable	2,000
Patents	75,000

What is the amount of intangible assets assuming the accounts above reflect normal activity?

Multiple Choice

• $140,500.

• $120,500.

• $95,000.

• $75,000.