Saar Associates sells two licenses to Kim & Company on September $1,$

$2024.$ First, in exchange for $$107,000,$ Saar provides Kim with a copy of its

proprietary investment management software, which Saar does not

anticipate updating and which Kim can use permanently. Second, in

exchange for $$96,300,$ Saar provides Kim with a three$-$year right to market

Kim's financial advisory services under the name of Saar Associates, which

Saar advertises on an ongoing basis.

The trade name "Saar Associates" is not well known in the marketplace,

and the owner provides no advertising or other benefits to a licensee of the

Saar Associates trade name during the license period.

How much revenue will Saar recognize in $2024$ under this arrangement if

Saar reports under IFRS?

Answer is complete but not entirely correct.