Required information (The following information applies to the questions displayed below.] On January 1, 2020, French Company acquired 60 percent of K-Tech Company for $306,000 when K-Tech's book value was $406,000. The fair value of the newly comprised 40 percent noncontrolling interest was assessed at $204,000. At the acquisition date, K-Tech's trademark (10-year remaining life) was undervalued in its financial records by $80,000. Also, patented technology (5-year remaining life) was undervalued by $24,000. In 2020, K-Tech reports $24,000 net income and declares no dividends. At the end of 2021, the two companies report the following figures (stockholders' equity accounts have been omitted): Current assets Trademarks Patented technology Liabilities Revenues Expenses Investment income French Company Carrying Amounts $ 622,000 262,000 412,000 (392,000) (902,000) 498,000 Not given K-Tech Company Carrying Amounts $ 302,000 202,000 152,000 (122,000) (402,000) 302,000 K-Tech Company Fair Values $ 322,000 282,000 176,000 (122,000) Note: Parentheses indicate a credit balance. What amount is reported for trademarks in the 2021 consolidated balance sheet? Multiple Choice $536,000. $528,000. $544,000. $552,000