Blossom Company acquired a patent on an oil extraction technique on January 1, 2025 for $4253000. It was expected to have a 10- year life and no residual value. Blossom uses straight-line amortization for patents. On December 31, 2026, the future cash flows expected from the patent were $577000 per year for the next eight years. The fair value of the patent is $2039000. At what amount should the patent be carried on the December 31, 2026 balance sheet? O $3402400 O $2039000 O $5360000 O $4253000