Question: 3. EA Co. wants to construct a small warehouse to store some materials begun on April 1, 2020 and was completed on December 31,

3. EA Co. wants to construct a small warehouse to store some

3. EA Co. wants to construct a small warehouse to store some materials begun on April 1, 2020 and was completed on December 31, 2020. The following expenditures were incurred for construction. 10 April 1 May 1 May 31 July 1 August 31 December 31 $15,000 $8,000 $5,000 $ 20,000 $10,000 $20,000 In order to help finance the construction, EA Co. issued the following during 2020. 1. $20,000, of 10-year, 9% bonds payable, issued at par on March 31, 2020, with interest payable annually on March 31. 2. 1,000,000 shares of no-par ordinary shares, issued at $10 per share on October 1, 2020. In addition to the 9% bonds payable, the only debt outstanding during 2020 was a $750,000, 12% note payable dated January 1, 2011 and due January 1, 2025, with interest payable annually on January 1. Compute the amounts of each of the following (show computations): 1. Weighted-average accumulated expenditures qualifying for capitalization of interest cost. I 2. Avoidable interest incurred during 2020. 3. Total amount of interest cost to be capitalized during 2020 L

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