Sheridan Enterprises acquired a patent from Pepper Research Corporation on September 1, 2026, for $3796800. The patent will be used for seven years, even though its legal life is 20 years. Rocky Corporation has committed to purchase the patent from Sheridan for $882000 at the end of seven years. What amount will be reported on its income statement Sheridan's patent amortization at December 31,2026 , assuming the straight-line method is used? $416400 $379680 $138800 $0