Your answer should be original and add value to our group's discussion. Relying on AI to generate the response is unacceptable and will be downvoted $($a$)$ Glen Ltd$.$ began construction of a new building on $1$stJanuary, $2022.$ On $1$stApril, $2022,$ following two loans were obtained to fund the construction cost:$($i$)$ Loan of $60,00,000$ from Data Bank Ltd$.$ was taken at interest rate of $8\%$ per annum.This loan was fully utilized for construction of the new building.$($ii$)$ Loan of $20,00,000$ from Satya Bank Ltd$.$ Out of this, loan amount of$6,00,000$ was utilized for working capital purpose. Total interest of $1,92,000$ were paid to Satya Bank Ltd$.$ for the financial year $2022-23.$Construction of the new building was completed on $31$stJanuary, $2023$ and was ready for its intended use on the same date.None ofthe loan was repaid duringthe year. Thebuilding is a qualifying assetforthe purpose of AS$-16.$Out of loan from Data Bank Ltd$.,$ surplus funds were temporarily invested for the short period of time. This temporary investment earned interest of$`30,000.$Youarerequiredtocalculatetheamountofinterest$($a$)$tobecapitalized$,($b$)$tobecharged to profit and loss account from the total interest incurred as borrowing cost during theyear$2022-23($asperAS$-16).$