a. What is the gross interest expense for 2008 and 2007?
b. What is the interest reported on the income statement for 2008, 2007, and 2006?
c. What was the interest added to property and equipment during 2008 and 2007?
d. When is capitalized interest recognized as an expense? Describe.
e. What was the effect on income from capitalizing interest? Describe.
f. Compute times interest earned for 2008 and 2007. Comment on the absolute amounts and thetrend.

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THE GEO GROUP, INC CONSOLIDATED STATEMENTS OF INCOME Fiscal Years Ended December 28, 2008, December 30, 2007, and December 31, 2006 2008 (In thousands, except per share data) 822,053 787,862 2007 2006 Revenues Operating Expenses Depreciation and Amortization 1,043,006 $976299 $818,4 679,886 21.682 37,406 33,218