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  3. on december 31,2021, grouper group borrowed hk $3,

On December 31,2021, Grouper Group borrowed HK $3,780,000 at 12% payable annually to finance the...

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Accounting

On December 31,2021, Grouper Group borrowed HK $3,780,000 at 12% payable annually to finance the construction of a new
building. In 2022, the company made the following expenditures related to this building: March 1, HK$453,600; June 1, HK$756,000;
July 1, HK$1,890,000; December 1, HK$1,512,000. Additional information is provided as follows.
Other debt outstanding
10-year, 13% bond, December 31,2015, interest payable annually HK$5,040,000
6-year, 12% note, dated December 31,2019, interest payable annually HK$2,016,000
March 1,2022, expenditure included land costs of HK$189,000
Interest revenue earned in 2022 on funds related to specific borrowing HK$61,740
(a).
Your answer is incorrect.
Determine the amount of borrowing cost to be capitalized in 2022 in relation to the construction of the building. (Round answer to
0 decimal places, e.g.5,275.)
The amount of borrowing cost ,HK$
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