On March 1 2020, Crane Winery Ltd. purchased a five-hectare commercial vineyard for $1,049,090. The total purchase price was based on appraised market values of the building, grapevines, and equipment ($579,700, $259,800, and $209,590, respectively). Crane Winery incurred the following cash expenditures between March 1 and June 30, the date of Crane Winerys first harvest from the grapevines:

Major repairs to sprayer equipment		$27,670
Grapevine fertilizer		6,740
Phase 1 construction of a new grape trellis system for the grapevines		30,690
Construction of a new custom wine cellar		61,790
Harvesting labour		35,980

The fair value of the grapevines was estimated to have increased to $294,500 by December 31, 2020, the companys fiscal year end, and any sale of vineyard assets would attract a 4% realtor commission. Crane Winery prepares financial statements in accordance with IFRS.

What is the carrying amount of the grapevines on the statement of financial position at December 31, 2020?

Carrying amount

$

In 2021, Crane Winery incurs $16,700 in costs related to Phase 2 construction of the new grape trellis system for the grapevines, and the fair value of the grapevines increases to $329,800 by December 31, 2021. What is the carrying amount of the grapevines on the statement of financial position at December 31, 2021?

Carrying amount

$