This is the third time I am posting this question. Please provide the correct answer. I am including the answer I submitted so you can identify which one is wrong. $(($The wrong answer for the balance sheet as of December $31,2025,$ is $$421,000))$

Teal Mountain$$Industries had one patent recorded on its books as of January $1,2025.$ This patent had a book value of $$384,000$and a remaining useful life of$8$years$.$ During $2025,$Teal Mountain$$incurred research and development costs of $$95,000$and brought a patent infringement suit against a competitor. On December $1,2025,$Teal Mountain$$received the good news that its patent was valid and that its competitor could not use the process$$Teal Mountain$$had patented. The company incurred $$85,000$to defend this patent. At what amount should patent$($s$)$ 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

$enter the amount to be reported in dollars$$Incorrect answer