On January 1, 2017, Grand Haven, Inc., reports net assets of $960,300 although equipment (with a four-year remaining life) having a book value of $522,000 is worth $604,500 and an unrecorded patent is valued at $47,700. Van Buren Corporation pays $872,400 on that date to acquire an 80 percent equity ownership in Grand Haven. If the patent has a remaining life of nine years, at what amount should the patent be reported on Van Buren's consolidated balance sheet at December 31, 2018?

Answer ------------------------?