Portside Services has the following items that the Chief Operating Officer believes should be considered as intangible assets: Patents, $$3,400,000$; Research & Development, $$5,600,000$; Goodwill, $$7,552,000$; Well$-$known industry reputation, $$15,000,000.$ What is the total amount that should be reported on the Balance Sheet for "Intangible Assets"?

Portside Services has the following items that the Chief Operating Officer believes should be considered as intangible assets: Patents, $$3,400,000$; Research & Development, $$5,600,000$; Goodwill, $$7,552,000$; Well$-$known industry reputation, $$15,000,000.$ What is the total amount that should be reported on the Balance Sheet for "Intangible Assets"?

$$9,000,000$

$$10,952,000$

$$31,552,000$

$$20,600,000$