WildhorseElectric Inc. has the following amounts included in its general ledger at December 31, 2020:

Organization costs$35,500Purchased trademarks18,100Development phase activities (meet all six development phase criteria)29,600Deposits with advertising agency for ads to promote goodwill of company8,300Excess of cost over fair value of identifiable net assets of acquired subsidiary80,600Cost of equipment acquired for research and development projects; the equipment has an alternative future use125,200Costs of researching a secret formula for a product that is expected to be marketed for at least20years75,200Payment for a favourable lease; lease term of10years15,900

(a)

Based on the information provided, calculate the total amount forWildhorseto report as intangible assets on its statement of financial position at December 31, 2020. AssumeWildhorseuses IFRS to prepare its financial statements.

Total amount of intangible assets to be reported$

enter the Total amount of intangible assets to be reported in dollars