Sage Hill had one patent recorded on its books as of January 1, 2017. This patent had a book value of $133,200 and a remaining useful life of 6 years. During 2017, Sage Hill incurred research and development costs of $201, 100 related to this patent and was sued by a competitor to nullify the patent. On September 1, 2017, the Court found that Sage Hill's patent was valid and that its competitor could not use the process Sage Hill had patented. The company incurred $60,800 to defend this patent. At what amount should patent(s) be reported on the December 31, 2017, balance sheet, assuming monthly amortization of patents? Carrying amount 12/31/17 $