Construction ban-12ns interest. parable sentiannually. issued December 31, 2021 Short-term loan-10\% interest, payabite monthly, and arizcipal tarable at maturity on May 30.2023. 1,40,000 Long-term losn-11\% intecest. payabie on Jaewary 1 of each yeac. Principal piryable on Janwary 1.2026 880.000 (a) Assume that Monty completed the office and warehcuse building on December 31. 2022, as planied at a totat cost of e. 576.000. The folowing expenditures were made during the period forthis propect January 1, 6890,000 - April 1. E1.280,000, July 1. E1.080.000: and Octuber 1. 6560,000 . Excess funds from the construction fospes were invested during the period and earned E19.200 of imestment incorme. Conpute the amount of borrowing costs to becapitalized for this project. (Uoe interest nates rounded to 2 decimal places, es. 75 8. for computabonal purposes and round final arowers to 0 decimal places es. 5,272 J