Purvis Enterprises acquired a patent from Whitt Metalworks in exchange for 5,000 shares of Purvis' $10 par value common stock and $86,000 cash.

Purvis Enterprises acquired a patent from Whitt Metalworks in exchange for 5,000 shares of Purvis' $10 par value common stock and $86,000 cash. When the patent was initially issued to Whitt, Purvis' stock was selling at $11 per share. When Purvis acquired the patent, its stock was selling for $13 per share. Purvis should record the patent at what amount?