On March $12023,$ Pharoah Winery Ltd$.$ purchased a five$-$hectare commercial vineyard for $$1,049,170.$ The total purchase price was based on appraised market values of the building, grapevines, and equipment $($ $$579,900,$$$259,700,$ and $$209,570,$ respectively$).$ Pharoah Winery incurred the following cash expenditures between March $1$ and June $30,$ the date of Pharoah Winery's first harvest from the grapevines:

Major repairs to sprayer equipment

$$27,820$

Grapevine fertilizer

$6,630$

Phase $1$ construction of a new grape trellis system for the grapevines

$30,700$

Construction of a new custom wine cellar

$61,720$

Harvesting labour

$35,560$

The fair value of the grapevines was estimated to have increased to $$294,600$ by December $31,2023,$ the company's fiscal year end, and any sale of vineyard assets would attract a $3\%$ realtor commission. Pharoah Winery prepares financial statements in accordance with IFRS.

$($a$1)$

What is the carrying amount of the grapevines on the statement of financial position at December $31,2023$ under the revaluation method?

Carrying amount $ $$