Carm Ltd. is a company in the high-technology industry and follows IFRS. Carm has been working on developing a new solar panel technology. The technology meets all of the six criteria required in order to capitalize development costs. During 2022, Carm incurred the following costs related to research and development: Costs to train staff $390,000 Legal costs to obtain new patent for technology $50,000 Legal costs of defending new patent in court $36,000 Materials consumed in manufacture of prototypes $13,100 Consulting fees paid for general research $45,200 Indirect costs related to research and development $9,700 Based on the above information, the amount that Carm would be allowed to capitalize as an intangible asset is $99,100