Why this question answer is not 207400?

Brief Exercise 12-6 x Your answer is incorrect. Try again. Pina Colada Industries Ltd. had one patent recorded on its books as at January 1, 2020. This patent had a book value of $364,800 and a remaining useful life of 8 years. During 2020, Pina Colada incurred research costs of $139,800 and brought a patent infringement suit against a competitor. On December 1, 2020, Pina Colada received the good news that its patent was valid and that its competitor could not use the process Pina Colada had patented. The company spent $110,500 to defend this patent. At what amount should the patent be reported on the December 31, 2020 statement of financial position, assuming monthly straight-line amortization of patents? Patent, carrying amount, 12/31/20 207400