Blossom Electric Inc. has the following amounts included in its general ledger at December 31, 2020: Organization costs $35,500 Purchased trademarks 17,900 Development phase activities (meet all six development phase criteria) 31,200 Deposits with advertising agency for ads to promote goodwill company 7,600 Excess of cost over fair value of identifiable net assets of acquired subsidiary 80,500 Cost of equipment acquired for research and development projects; the equipment has an alternative future use 124.900 Costs of researching a secret formula for a product that is expected to be marketed for at least 20 years 75,400 Payment for a favourable lease: lease term of 10 years 14,800 (a) Based on the information provided, calculate the total amount for Blossom to report as intangible assets on its statement of financial position December 31, 2020. Assume Blossom uses IFRS to prepare its financial statements. Total amount of intangible assets to be reported