Stephen purchased a rental property on 03 August 2021 and has rented the property from this date. He incurred the following expenses when purchasing the property $8,320 >>> Lenders Mortgage Insurance $13,987 >>> Stamp duty on transfer of the property $1,700 >>> Mortgage brokers fee $750 >>> Conveyancing fees $600 >>> Bank loan establishment fee $700 >>> Stamp duty on the mortgage Calculate how much Stephen can claim in borrowing costs for the 2022 year. Select the correct calculation.

= $11,320 x 332 / 1,826 = $2,058

= $26,057 x 332 / 1,826 = $4,738

= $11,320 x 365 / 1,826 = $2,263

= $26,057 x 365 / 1,826 = $5,209

= $16,987 x 365 / 1,826 = $3,396

= $16,987 x 332 / 1,826 = $3,089