Flounder Corporation began operating as a business in $2020.$ During January $2021,$ the company paid $$296500$ in design costs to develop its trademark and $$244000$ in legal and registration fees to secure the trademark. During October $2021,$ the company successfully defended its trademark, paying an additional $$145000$ in legal fees during the process. Ignoring amortization, at what amount should Flounder Corporation report its trademark on its December $31,2021$ balance sheet?