The general ledger of Wildhorse Corporation as of December 31, 2021, includes the following accounts:

Copyrights	$ 59000
Deposits with advertising agency (will be used to promote goodwill)	36000
Discount on bonds payable	79000
Excess of cost over fair value of identifiable net assets of
Acquired subsidiary	570000
Trademarks	68000

In the preparation of Wildhorse's balance sheet as of December 31, 2021, what should be reported as total intangible assets?

$674000.

$697000.

$638000.

$733000.

Sheridan Corporation acquired a patent on May 1, 2020. Sheridan paid cash of $95000 to the seller. Legal fees of $2800 were paid related to the acquisition. What amount should be debited to the patent account?

$95000

$2800

$92200

$97800