2- Part A. Interest Capitalization problem. 16 points. Budget 20 minutes for this problem. Early in 2014, Dobbs Corporation engaged Kiner, Inc. to design and construct a complete modernization of Dobbs's manufacturing facility. Construction was begun on June 1, 2014 and was completed on December 31, 2014. Dobbs made the following payments to Kiner, Inc. during 2014: Date June 1, 2014 August 31, 2014 December 31, 2014 Payment $6,000,000 9,000,000 7,500,000 In order to help finance the construction, Dobbs issued $5,000,000 of 10-year, 9% bonds payable, issued at par on June 1, 2014, with interest payable annually on June 1. In addition to the 9% bonds payable, Dobbs has the following other debts throughout 2014. 1. $1,250,000 of 10-year 12% note payable dated December 31, 2009, with interest payable annually on December 31. 2. $6,000,000 of 5-year 15% bonds issued December 31, 2012, with interest payable annually on December 31