(a) ( X Your answer is incorrect. Assume that Riverbed 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 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, e.g. 7.58% for computational purposes and round final answers to O decimal places, e.g. 5,275.) Borrowing costs 366745 e Textbook and Media Save for Later Attempts: 1 of 2 used Submit Answer (a) ( X Your answer is incorrect. Assume that Riverbed 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 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, e.g. 7.58% for computational purposes and round final answers to O decimal places, e.g. 5,275.) Borrowing costs 366745 e Textbook and Media Save for Later Attempts: 1 of 2 used Submit