On July 31, 2022, Ivanhoe Company engaged Duval Tooling Company to construct a special purpose piece of factory machinery Construction began immediately and was completed on November 1, 2022. To help finance construction, on July 31 Ivanhoe issued a $408,000, 3 year, 12% note payable at Wellington National Bank on which interest is payable each July 31 On July 31. 5306.000 of the proceeds of the note was pald to Duval. The remainder of the proceeds was temporarily invested in short term marketable securities (trading securities) at 10% until November 1. On November 1, Ivanhoe made a final $102.000 payment to Duval (a) Calculate the interest expense Interest revenue and total borrowing cost to be capitalized during 2022 Interest expense $ Interest revenue $ Total borrowing cost $