The general ledger of Banner corporation as of December 31, 2004 includes the following accounts: copy rights: $40,000 deposits with advertising agency (will be used to promote goodwill) 27,000 discount on bonds payable 67,500 excess of cost over fair value of identifiable net assets of acquired subsidiary 400,000 trademarks 90,000 In the preparation of Banner's balance sheet as of December 31, 2004, what should be reported as total intangible assets? a) $714,500 b)647,000 c) 530,000 d) none of the above