Sage Hill Industries had one patent recorded on its books as of January 1, 2025. This patent had a book value of $403,200 and a remaining useful life of 8 years. During 2025, Sage Hill incurred research and development costs of $96,000 and brought a patent infringement suit against a competitor. On December 1, 2025, Sage Hill received the good news that its patent was valid and that its competitor could not use the process Sage Hill had patented. The company incurred $93,500 to defend this patent. At what amount should patent(s) be reported on the December 31, 2025, balance sheet, assuming monthly amortization of patents? The amount to be reported +A $