On July 1, 2015, Crow Company made the following expenditures related to its newly opened building: Architect fee on new building: Php 940,000 Payment to building contractor: Php 6,280,000 Medical bills for employees injured during construction: Php 90,000 Cost of open house party to celebrate: Php 67,000 Premium on insurance during construction: Php 89,000 What is the carrying cost of Cabreras new building?