Blossom Corporation purchased a patent for $132000 on September 1, 2019. It had a useful life of 10 years. On January 1, 2021, Blossom spent $31000 to successfully defend the patent in a lawsuit. Blossom feels that as of that date, the remaining useful life is 5 years. What amount should be reported for patent amortization expense for 2021?

$29080.

$22880.

$27320.

$29960.