On December $31,2021,$ Indigo Group borrowed HK$$2,760,000$ at $12\%$ payable annually to finance the construction of a new building.

In $2022,$ the company made the following expenditures related to this building: March $1,$ HK$$331,200$; June $1,$ HK$$552,000$; July $1,$

HK$$1,380,000$; December $1,$ HK$$1,104,000.$ Additional information is provided as follows.

Other debt outstanding

$10-$year, $9\%$ bond, December $31,2015,$ interest payable annually

$6-$year, $8\%$ note, dated December $31,2019,$ interest payable annually

March $1,2022,$ expenditure included land costs of $HK$$$138,000$

Interest revenue earned in $2022$ on funds related to specific borrowing

$H$$$3,680,000$

$H$$$1,472,000$

$HK$$$45,080$

$($a$)$

$$ Your answer is incorrect.

Determine the amount of borrowing cost to be capitalized in $2022$ in relation to the construction of the building. $($Round answer to

$0$ decimal places, e$.$g$.5,275.)$