During 2017, Kent Co. incurred $204,000 of research and development costs in its laboratory to develop a patent that was granted on July 1, 2017. Legal fees and other costs associated with registration of the patent totaled $41,000. The estimated economic life of the patent is 10 years. What amount should Kent capitalize for the patent on July 1, 2017? $41,000 $0 $245,000 $204,000