Corp purchased a container load of antiques for resale at an invoice cost of $700,000. The goods were paid for when they were shipped in early June. The container arrived in Canada at the end of August, and then at Li's location, by rail at the end of September The goods were then available for sale. Freight costs of $73,500 were paid in October. Li has recorded $227700 of total interest expense from $3,300,000 of general borrowing over the year Required: Prepare the adjusting journal entry to capitalize borrowing costs on inventory at year-end December 31. (If no entry is required for o transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.) View transaction lint Journal entry worksheet Record entry to capitalize borrowing cost. etter debits before credits General Journal Transaction 1 Debit Credit Record Clear View general journal