On January 2, 2023, Ivanhoe Corp. bought a trademark from Pharoah Inc. for $104000. An independent research company estimated that the remaining useful life of the trademark was 25 years. At this time, the trademark's net book value in Pharoah's records was $181000. Because the trademark had a demonstrated limited life beyond 25 years, Ivanhoe decided to amortize the trademark over the maximum period, straight-line with no residual. In Ivanhoe's (calendar) 2023 income statement, what amount should be reported as amortization expense for this trademark? $5200$7240$4160$6824