Kingbird Industries has the following patents on its December 31, 2019, balance sheet.

Patent Item		Initial Cost		Date Acquired		Useful Life at Date Acquired
Patent A		$48,000		3/1/16		20 years
Patent B		$19,200		7/1/17		10 years
Patent C		$16,800		9/1/18		8 years

The following events occurred during the year ended December 31, 2020.

1.		Research and development costs of $361,400 were incurred during the year.
2.		Patent D was purchased on July 1 for $11,520. This patent has a useful life of 12years.
3.		As a result of reduced demands for certain products protected by Patent B, a possible impairment of Patent B's value may have occurred at December 31, 2020. The controller for Kingbird estimates the future cash flows from Patent B will be as follows.

Year		Future Cash Flows
2021		$2,800
2022		$2,800
2023		$2,800

The proper discount rate to be used for these flows is 8%. (Assume that the cash flows occur at the end of the year.) Compute the total carrying amount of Kingbird's patents on its December 31, 2020, balance sheet. (Round present value factor calculations to 5 decimal places, e.g. 15.24673 and final answer to 0 decimal places, e.g. 5,125.)

Totalcarrying amount

$enter the total carrying amount in dollars rounded to 0 decimal places