On January 1, 2023, Taos, Incorporated, reports net assets of $923,250 although equipment (with a four-year remaining life) having a book value of $516,000 is worth $591,250 and an unrecorded patent is valued at $46,350. Red River Corporation pays $835,880 on that date to acquire an 80 percent equity ownership in Taos. If the patent has a remaining life of nine years, at what amount should the patent be reported on Red River's consolidated balance sheet at December 31, 2024