IAS 23: Borrowing Costs On January 1, 2019, Carlson borrowed $3,000,000 at an interest rate of 5 percent to finance the construction of a new office building expected to cost $3,000,000. Carlson temporarily invested the proceeds until the cash was needed. Interest earned during 2019 was $6,000. During 2019, expenditures of $2,000,000 were incurred and the weighted-average expenditures were $1,500,000. The project will be completed and the loan will be paid in late 2020. An exchange gain of $5,000 was also recognized on the borrowing as a result of the differences in exchange rates in the United States and Great Britain. (Use US dollars as presented; no foreign exchange calculations are required). Also note that interest expense, related interest income and exchange gain/loss have already been recorded in the income statement.

please help me solving these questions, I'd also like to know how to recognize the adjustments in the income statement as well under ifrs and gaap