On January 1, 2020, Martinez Inc. signed a fixed-price contract to have Builder Associates construct a major head office facility at a cost of $4 million. It was estimated that it would take three years to complete the project. Also, on January 1, 2020, to finance the construction cost, Martinez borrowed $4 million that is repayable in 10 annual instalments of $400,000, plus interest at the rate of 10%. During 2020, Martinez made deposit and progress payments totalling $1.7 million under the contract; the weighted- average amount of accumulated expenditures was $837,000 for the year. The excess amount of borrowed funds was invested in short-term securities, from which Martinez realized investment income of $27,600. For situation 1, what amount should Martinez report as capitalized borrowing costs at December 31, 2020? (If an answer is zero, please enter 0. Do not leave any fields blank.) Capitalized borrowing $ 83700 During 2020, Marigold Ito Corporation constructed and manufactured certain assets and incurred the following borrowing costs in connection with these activities: Borrowing Costs Incurred Warehouse constructed for Marigold Ito's own use $34,700 Special-order machine for sale to unrelated customer, produced according to customer's specifications 8,500 Inventories routinely manufactured, produced on a repetitive basis, that require many months to complete 7,770 For situation 2, assuming the effect of capitalization of borrowing costs is material, what is the total amount of borrowing costs to be capitalized? (If an answer is zero, please enter O. Do not leave any fields blank.) Capitalized borrowing 43200 Novak Inc. has a fiscal year ending April 30. On May 1, 2020, Novak borrowed $12 million at 11% to finance construction of its own building. Repayments of the loan are to begin the month after the building's completion. During the year ended April 30, 2021, expenditures for the partially completed structure totalled $8 million. These expenditures were incurred evenly throughout the year. Interest that was earned on the part of the loan that was not expended amounted to $446,000 for the year. For situation 3, how much should be shown as capitalized borrowing costs on Novak's financial statements at April 30, 2021? (If an answer is zero, please enter O. Do not leave any fields blank.) Capitalized borrowing $ 360667