In early February $2023,$ Bramble Corp. began construction of an addition to its head office building that is expected to take $18$ months

to complete. The following $2023$ expenditures relate to the addition:

On February $1,$ Bramble issued a $$102,000,$ three$-$year note payable at a rate of $10\%$ to finance most of the initial payment to the

contractor. No other asset$-$specific debt was entered into. Details of other interest$-$bearing debt during the period are provided in the

table below:

What amount of interest should be capitalized for the fiscal year ended December $31,2023,$ according to IAS $23?($Do not round

intermediate calculations. Round capitalization rate to $2$ decimal places, e$.$g$.52\mathrm{.}75\%$ and final answer to $0$ decimal places,

e$.$g$.5,275.)$