On January $1,2019,$ Phoenix Co$.$ acquired $100$ percent of the outstanding voting shares of Sedona Inc. for $$668,000$ cash. At January $1,2019,$ Sedona$$s net assets had a total carrying amount of $$467,600.$ Equipment $($eight$-$year remaining life$)$ was undervalued on Sedona$$s financial records by $$90,400.$ Any remaining excess fair over book value was attributed to a customer list developed by Sedona $($four$-$year remaining life$),$ but not recorded on its books. Phoenix applies the equity method to account for its investment in Sedona. Each year since the acquisition, Sedona has declared a $$17,500$ dividend. Sedona recorded net income of $$93,500$ in $2019$ and $$110,600$ in $2020.$

Selected account balances from the two companies$$ individual records were as follows:

Phoenix Sedona

$2021$ Revenues $ $578,000$ $ $362,000$

$2021$ Expenses $375,000270,000$

$2021$ Income from Sedona $53,200$

Retained earnings $12/31/21317,200215,600$

On its December $31,2021,$ consolidated balance sheet, what amount should Phoenix report for Sedona$$s customer list?

Multiple Choice

$$11,000$

$$55,000$

$$27,500$

$$22,000$