On January 1, 2020, French Company acquired 60 percent of K-Tech Company for $313,500 when K-Tech's book value was $413,500. The fair value of the newly comprised 40 percent noncontrolling interest was assessed at $209,000. At the acquisition date, K-Tech's trademark (20-year remaining life) was undervalued in its financial records by $80,000. Also, patented technology (10-year remaining life) was undervalued by $29,000. In 2020, K-Tech reports $25.500 net income and declares no dividends. At the end of 2021, the two companies report the following figures (stockholders' equily accounts have been omitted): Current assets Trademarks Patented technology Liabilities Revenues Expenses Investment income French Company Carrying K-Tech Company K-Tech Company Amounts Carrying Amounts Fair Values $ 629,000 $309,000 $ eae $ 329,000 269,000 289,080 289,000 419,99 159,000 188,000 (399,980) (129,000) (129,080) (909, eae) (409, eae) 491,030 309,000 Not given Note: Parentheses indicate a credit balance. What amount is reported for trademarks in the 2021 consolidated balance sheet? Multiple Choice O $550,000 O $562,000 $554.000