Q-2: Langrova SpA has the following amounts reported in its general ledger at December 31, 2019. Organization costs 24,000 Trademarks 20,000 Bonds payable 35,000 Deposits with advertising agency for ads to promote goodwill of company 10,000 Excess of cost over fair value of net identifiable assets of acquired Subsidiary 75,000 Cost of equipment acquired for research and development projects, the equipment has an alternative future use 90,000 Costs of developing a secret formula for a product that is expected to be marketed for at least 20 years (all research phase) 70,000 Required: a) On the basis of the information above, compute the total amount to be reported by Langrova for intangible assets on its statement of financial position at December 31, 2019 As noted, the equipment has alternative future use. b) If an item is not to be included in intangible assets, explain its proper treatment for reporting purposes