25 Current Attempt in Progress On July 31, 2022, Shamrock Company engaged Duval Tooling Company to construct a special-purpose piece of factory machinery Construction began immediately and was completed on November 1, 2022. To help finance construction, on July 31 Shamrock Issued a $424,000, 3-year, 12% note payable at Wellington National Bank, on which interest is payable each July 31. On July 31, $318,000 of the proceeds of the note was paid to Duval. The remainder of the proceeds was temporarily invested in short-term marketable securities (trading securities) at 9% until November 1. On November 1, Shamrock made a final $106,000 payment to Duval (a) -Your answer is partially correct. Calculate the interest expense, interest revenue, and total borrowing cost to be capitalized during 2022 Interest expense Interest revenue Total borrowing cost $ $ 2544 2385 10335 (b) Prepare the journal entries needed on the books of Shamrock Company at each of the following dates Counter automatkaly Indented when anunt is entered. De net indent manually if no entry is required, select "No Entry for the account title and enter for the amounts) (1) (2) (3) July 31,2022 November 1, 2022 December 31, 2022 Date Account Titles and Explanation To record the note) (To record the payment Debit Credit