4. On January 1, 2020, Karakaraka Co. started construction of a new office building on January 1, 2020 and moved into the finished building on July 1, 2021. Of the P25,000 total cost of the building. P20,000 was incurred in 2020 evenly throughout the year. The entity's incremental borrowing rate was 12% throughout 2020, and the total amount of interest incurred was P1,020,000. What amount should be reported as capitalized interest on December 31, 2020