Eeyore Toys made significant renovations to one of its retail stores. Total costs of the renovation were $800,000 completed over six months ending October 31, 2014. The company financed the renovation costs with a short-term bank loan with a 6% interest rate. The company received the $500,000 proceeds from this loan on May 1, 2014, and repaid it in full on February 28, 2015. The remaining $300,000 of construction costs were financed from existing debt, which had an average interest rate of 9%. Payments made for construction costs were as follows:

Date                                                                            Payment
May 31, 2014 .................................................................. $100,000
June 30, 2014 ..................................................................   100,000
July 31, 2014 ....................................................................   100,000
August 31, 2014 ..............................................................  200,000
September 30, 2014 .....................................................   200,000
October 31, 2014 ............................................................  100,000
Total ..................................................................................  $800,000

In the period when funds from the short-term loan had not been fully used (between May 1 and August 31, 2014), the company earned $6,000 of investment income.

Required:
How much interest cost should be capitalized on the building under IFRS?