Li Corp purchased a container load of antiques for resale at an invoice cost of $1.400.000 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 U's location, by rail at the end of September The goods were then available for sale. Freight costs of $147,000 were paid in October Li has recorded $124 800 of total interest expense from $2,600,000 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 a transaction/event, select "No journal entry required in the first account field. Do not round intermediate calculations.) View transaction last Journal entry worksheet 1 Record entry to capitalize borrowing cost