Pina Industries Ltd. is a company in the high-technology industry. Pina 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 2020, Pina incurred the following costs related to research and development: Rent of facility $230,000 Salaries of research staff 350,000 Legal costs to obtain new patent for projector 32,000 Legal costs of successfully defending new patent in court 29,000 Materials consumed in manufacture of prototypes 13,000 Consulting fees paid for general research 46,500 Indirect costs related to research and development 9,700 Calculate the amount that Pina would be allowed to capitalize as an intangible asset for 2020, assuming that Pina follows IFRS. Amount capitalized $