Brief Exercise 12-9 x Your answer is incorrect. Try again Shamrock Industries had one patent recorded on its books as of January 1, 2017. This patent had a book value of $201.600 and a remaining useful life of 8 years. During 2017, Shamrock incurred research and development costs of $98.000 and brought a potent infringement sur t a competitor On December 1, 2017 Shamrock received the good news that its patent was valid and that Its competitor could not use the process Shamrock had patented. The company incurred $102,000 to defend the patent. At what amount should patents) be reported on the December 31, 2017 balance sheet, assuming monthly amortization of patents? The amount to be reported Click If you would like to show Work for this questioni Open Show Work LINK TO THE LINK TO TEXT LINK TO TEXT Question Attemptsi 5 of 15 used