theres a part b as well

> -/5 E Question 1 of 2 View Policies Current Attempt in Progress Windsor Furniture started construction of a combination office and warehouse building for its own use at an estimated costo 4.280,000 on January 1, 2022. Windsor expected to complete the building by December 31, 2022. Windsor has the following debt obligations outstanding during the construction period E1740,000 1.392.000 Construction loan 14% interest, payable semiannually lourd December 31, 2021 Short term om 12% interest payable monthly and principal payable maturity on May 30, 2023 Long-term loan-13 interest. payable on January 1 of each year. Principal payable on January 1, 2026 870.000 (a) Assume that Windsor completed the office and warehouse building on December 31, 2022. as planned at a total cost of 4.524.000. The following expenditures were made during the period for this project January 1, 870.000. April 1. 1.270.000 Joly 1.61.670,000and October 1.560.000. Excess funds from the construction loans were invested during the period and carned 18.800 of investment income. Compute the amount of borrowing costs to be capitalized for this project (Use interest rotes rounded to 2 decimal places, s. 7.58% for computational purposes and round final answers to decimal places 5,275) Borrowing costs