Current Attempt in Progress

Shamrock Industries had one patent recorded on its books as of January $1,2025.$ This patent had a book value of $$202,100$ and a

remaining useful life of $8$ years. During $2025,$ Shamrock incurred research and development costs of $$98,000$ and brought a patent

infringement suit against a competitor. On December $1,2025,$ 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 this patent. At what amount

should patent$($s$)$ be reported on the December $31,2025,$ balance sheet, assuming monthly amortization of patents? $($Round all

computations and the final answer to zero decimal places.$)$

The amount to be reported $