Oriole Industries had one patent recorded on its books as of January 1, 2021. This patent had a carrying amount of $246,960 and aremaining useful life of 7 years. During 2021, Oriole brought a patent infringement suit against a competitor On October 1, 2021. Oriole received the good news that its patent was valid and that its competitor could not use the process Oriolebad patented. The company incurred $100.000 to defend the patent Compute the crying amount of the patent that would be reported on the December 31, 2021. balance sheet, assuming monthly amortization of carrying value of the patents Patent $