Sunland Industries had one patent recorded on its books as of January 1,2021 . This patent had a carrying amount of $297,360 and a remaining useful life of 7 years. During 2021, Sunland brought a patent infringement suit against a competitor. On October 1,2021 , Sunland received the good news that its patent was valid and that its competitor could not use the process Sunland had patented. The company incurred $79,200 to defend the patent. Compute the carrying amount of the patent that would be reported on the December 31,2021 , balance sheet, assuming monthly amortization of carrying value of the patents. Patent \$