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Good night 11 mayo 10:04 Transcribed Image Text: Joni Metlock Inc. has the following amounts reported in its general ledger at the end of the

San Francisco, US

Good night 11 mayo 10:04 Transcribed Image Text: Joni Metlock Inc. has the following amounts reported in its general ledger at the end of the current year.
Organization costs
Trademarks
Discount on bonds payable
$23,400
36,400
11,400
Excess of cost over fair value of net identifiable assets of acquired subsidiary 76,400
Cost of equipment acquired for research and development projects:
the equipment has an alternative future use
Costs of developing a secret formula for a product that is expected
to be marketed for at least 20 years
86,400
81,800
(a)
On the basis of this information, compute the total amount to be reported by Metlock for intangible assets on its balance sheet at year-end.
Total amount reported for intangible assets $

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