Wildhorse Industries Ltd. is a company in the high-technology industry. Wildhorse 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, Wildhorse incurred the following costs related to research and development:

Rent of facility $220,000

Salaries of research staff 270,000

Legal costs to obtain new patent for projector 33,000

Legal costs ofsuccessfullydefending new patent in court 26,000

Materials consumed in manufacture of prototypes 13,300

Consulting fees paid for general research 45,300

Indirect costs related to research and development. 9,600

Calculate the amount that Wildhorse would be allowed to capitalize as an intangible asset for 2020, assuming that Wildhorse follows IFRS.

Amount capitalized $ __________________________