Metlock had one patent recorded on its books as of January 1, 2017. This patent had a book value of $137,520 and a remaining useful life of 6 years. During 2017, Metlock incurred research and development costs of $200,700 related to this patent and was sued by a competitor to nullify the patent. On September 1, 2017, the Court found that Metlock's patent was valid and that its competitor could not use the process Metlock had patented. The company incurred $57,600 to defend this patent. At what amount should patent(s) be reported on the December 31, 2017, balance sheet, assuming monthly amortization of patents? Carrying amount 12/31/17 $