Question: I am having hard time with this question and tried so many times. I got 116,100 as an aswer but it isn't right... please help...

I am having hard time with this question and tried so many times. I got 116,100 as an aswer but it isn't right... please help...

Saar Associates sells two licenses to Kim & Company on September 1, 2018. First, in exchange for $108,000, 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 $97,200, Saar provides Kim with a four-year right to market Kims 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 2018 under this arrangement if Saar reports under IFRS?

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