Larkspur Industries Ltd. is a company in the high-technology industry. Larkspur has been working on developing a new product for home entertainment, the holographic movie projector. The projector meets all of the six criteria required in order to capitalize development costs. During 2023, Larkspur incurred the following costs related to research and development: Rent of facility Salaries of research staff $120,000 410,000 Legal costs to obtain new patent for projector 40,000 Legal costs of successfully defending new patent in court 44,000 Materials consumed in manufacture of prototypes 13.600 Consulting fees paid for general research 46,300 Indirect costs related to research and development 9.100 (a1) Calculate the amount that Larkspur would be allowed to capitalize as an intangible asset for 2023, assuming that Larkspur follows IFRS. Amount capitalized $