Borrowing cost

Dunstan Limited borrowed $34,000,000 from the bank at an effective interest rate of 11%
to construct a qualifying asset. The loan was received in full on 1 January 2021 and half
on the money invested on that date at 9 % interest.
Construction of the asset commenced on 1 April 2019 and worked was suspended for the
months of September and October 2019. The asset was completed and ready for use on 31
December 2021.
REQUIRED: Show the extracts from the Statement of Comprehensive Income and the
Statement of Financial Position to record the information above.

Ans:
Loan – $34,000,000
Effective Interest rate – 11%
Start of Construction – April 1, 2019
Year ending – Dec 31, 2021
Construction period – 9 months
Suspension of work – 2 months
Borrowing cost capitalization – 7 months

Annual loan interest ($34m x 11%) = $3,740,000
loan interest expensed (4/12 x 3,740,000) = 1,246,666.67
Borrowing cost to be capitalized (9/12 x $3,740,000) = $2,805,000

applicable investment income:
less 2/12 x 8% x 17,000,000 =
Capitalization borrowing cost = ?

investment income reported in SOPL
6/12 x 8% x 17,000,000 = $680,000

Extract of SOPL for y/e Dec 2021
Loan interest expensed $1,246,666.67
Interest income $ 680,000

Extract of SOFP as at Dec 2021
Borrowing cost capitalization ???

Can i get some assistance please?