On January 1, 2020, Grand Haven, Inc., reports net assets of $885,900 although equipment (with a four-year remaining life) having a book value of $474,000 is worth $552,000 and an unrecorded patent is valued at $54,900. Van Buren Corporation pays $815,040 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, 2021? Multiple Choice $38,430 $34,160. $42,700 $48,800