On January 1, 2018, Mr. Spock Company purchased a new patent for $20,000 and started amortizing it over its legal life of 20 years. At the start of 2021, Spock estimates that the remaining useful life of the patent is now 10 years. What should Spock record as amortization expense on the patent for 2021? Round your answer to the nearest whole dollar. 1,700 (with margin: 0 )