1. The adjusted trial balance of the Laventhal Corporation as of December 31, 2014 includes the following accounts:
Trademark $ 30,000
Discount on bonds payable 37,500
Organization costs 12,500
Excess of cost over fair value of identifiable net assets of acquired business 175,000 Advertising costs (to promote goodwill) 20,000
What should be reported as total intangible assets on Laventhal's December 31, 2014 balance sheet?