Wildhorse Furniture started construction of a combination office and warehouse building for its own use at an estimated cost of E4,180,000 on January 1.2022. Wildhorse expected to complete the building by December 31,2022 . Wildhorse has the followir debt obligations outstanding during the construction period. (a) Assume that Wildhorse completed the office and warehouse building on December 31, 2022, as planned at a total cost of 4.394,000, The following expenditures were made during the period forthis project: January 1, 845,000; April 1, 1,245,000 July 1, 1.645 .000 ; and October 1, 560,000. Excess funds from the construction loans were invested during the period and earned 617,800 of imestment income. Compute the amount of borrowing costs to be capitalized for this project. (Use interest r. rounded to 2 decimal ploces, eg. 7.58% for computational purposes and round final answers to 0 decimal places, e.8. 5.275.) Assume that Wildhorse completed the office and warehouse building on December 31, 2022, as planned at a total cost of 4,394,000. The following expenditures were made during the period forthis project: January 1, 845,000; April 1, 1,245,000; Julv 1, 1,645,000; and October 1, C560,000. Excess funds from the construction loans were invested during the period and earned 17,800 of investment income. Compute the amount of borrowing costs to be capitalized for this project. (Use interest rates rounded to 2 decimal places, eg. 7.58\% for computational purposes and round final answers to O decimal places, eg. 5, 275.) Borrowing costs eTextbook and Media Attempts: 0 of 3 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (b) The parts of this question must be completed in order. This part will be available when you complete the part above