YAWA started constructing a building for its own use on January 1, 2020. YAWA provided the following information related to the construction:

Outstanding loans of the Company at January 1, 2020:

Interest Rate	Amount of loan	Interest Cost
5%	P10,000,000	P 500,000
10%	20,000,000	2,000,000
Total	P30,000,000	P2,500,000

Construction expenditures:

July 1, 2020	7,000,000
November 31,2020	3,000,000
December 31, 2020	1,000,000

The amount of borrowing cost that should be charged to profit or loss for the period is?

Group of answer choices

312,375

2,208,450

2,187,625

340,142