On January 1, 2020, Grand Haven, Inc., reports net assets of $803,200 although equipment (with a four-year remaining life) having a book value of $454,000 is worth $533,500 and an unrecorded patent is valued at $47,700. Van Buren Corporation pays $744,320 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

• $33,390.

• $37,100.

• $42,400.

• $29,680.