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Wildhorse Ltd, is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were HK $1,485,000 on March 1, HK

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Wildhorse Ltd, is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were HK $1,485,000 on March 1, HK $996,000 on June 1, and HK $2,409,000 on December 31. Wildhorse Ltd. had outstanding all year a 8\%,5-year, HK $4,160,000 note payable and an 9\%, 4-year, HK $3,640,000 note payable. Determine the amount of borrowing cost that Wildhorse Ltd. would capitalize. Use the capitalization rate used for borrowing cost capitalization purposes. (Round "Copitalization rate" to 2 decimal places, e.g. 2.51 and final answer to 0 decimal places, e.g. 5,275.) Borrowing cost capitalization HK\$

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