Flint Corporation's general ledger as of December 31, 2016, includes the following accounts: Corporation (start-up) costs $5,000, Deposits with advertising agency (will be used to promote goodwill) $8,000, Discounts on bonds payable $15,000, Excess of purchase price over fair value of the identifiable net assets of acquired company $70,000, Trademarks $12,000. In the preparation of Flint's balance sheet as of December 31, 2016, what should be reported as total intangible assets?