Windsor Industries had one patent recorded on its books as of January 1, 2020. This patent had a book value of $355,200 and a remaining useful life of 8 years. During 2020, Windsor incurred research and development costs of $93,000 and brought a patent infringement suit against a competitor. On December 1, 2020, Windsor received the good news that its patent was valid and that its competitor could not use the process Windsor had patented. The company incurred$102,000 to defend this patent. At what amount should patent(s) be reported on the December 31, 2020, balance sheet, assuming monthly amortization of patents? The amount to be reported $