Sheridan Company purchased a patent on January 1, 2020 for $670000. The patent had a remaining useful life of 10 years at that date In January of 2021, Sheridan successfully defends the patent at a cost of $294000, extending the patent's life to 12/31/32. What amount of amortization expense would Sheridan record in 2021? O $67000 O $96400 O $79750 O $74750