Question: The answer is P5,212,800 . I just need the complete solution. On January 1, 2020, Pink Company had the following borrowings made for general purposes

The answer is P5,212,800. I just need the complete solution.

On January 1, 2020, Pink Company had the following borrowings made for general purposes and a part of the proceeds was used to finance the construction of a qualifying asset. Principal 12% shortterm note P 40,000,000 14% bank loan (3-year) 72,000,000 16% note payable (5-year) 88,000,000 The construction started on January 1 and was completed on December 2020. The total cost of construction was P72,000,000 which was incurred evenly during the year. How much is the capitalizable borrowing cost

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