5. NK Ltd is constructing a warehouse that will take about 18 months to complete. It began construction on January 1, 2013. The following payments were made during 2013: GHC-000 January 31 200 March 31 450 June 30 100 October 31 200 November 30 250 The first payment on January 31 was funded from the entity's pool of debt. However, the entity succeeded in raising a medium term loan for an amount of GHc 800,000 at March 31, 2013, with a simple interest of 9 percent per annum, calculated and payable monthly in arrears and payable in cash. The pool of debt was again used to an amount of GHc200,000 for the payment on November 30 which could not be funded from the medium-term loan. The construction project was temporarily halted for 3 weeks in May when substantial and administrative work was carried out. NK Ltd adopted the accounting policy of capitalizing borrowing cost. The following amounts of debt were outstanding at the statement of financial position date, December 31, 2013: GHC'000 Medium term loan 800 Bank Overdraft 1,200 The weighted average amount outstanding during the year was GHc750,000 and total interest charged by the bank amounted to GHc33, 800 for the year. A 10 percent, 7 year note dated October 31, 2018 with simple interest payable annually at December 31 worth GHc 9,000. Required: Calculate the amount of borrowing cost to be capitalized