On December $31,2021,$ Nash Group borrowed HK $$2,880,000$ 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$$345,600$; June $1,$ HK$$576,000$; July $1,$

HK $$1,440,000$; December $1,$ HK $$1,152,000.$ Additional information is provided as follows.

Other debt outstanding

$10-$year, $13\%$ bond, December $31,2015,$ interest payable annually

$HK$$$3,840,000$

$6-$year, $12\%$ note, dated December $31,2019,$ interest payable annually

HK $$1,536,000$

March $1,2022,$ expenditure included land costs of $HK$$$144,000$

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

H$$ $$47,040$

$($a$)$

Your answer is correct.

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$.5,275.)$

The amount of borrowing cost $HK$$