Malinois Inc. acquires 80% of Dog Company on January 1, 2020 for $692,000.At that date Dog reports net assets of $760,000 although equipment (with a remaining life of four years) with a book value of $440,000 is valued at $500,000 and a patent valued at $45,000 is unrecorded.If the patent has a remaining life of nine years, at what amount should the patent be reported on Malinois's consolidated balance sheet at December 31, 2021?