4. A company constructs a building for its own use. Construction began on January 1 and ended on December 30. The expenditures for construction were as follows: January 1, $580,000; March 31, $680,000; June 30, $480,000; October 30, $840,000. To help finance construction, the company arranged a 7% construction loan on January 1 for $860,000. The companys other borrowings, outstanding for the whole year, consisted of a $4 million loan and a $6 million note with interest rates of 8% and 6%, respectively. Assuming the company uses the specific interest method, calculate the amount of interest capitalized for the year. (Do not round intermediate calculations. Round your percentage answers to 2 decimal places (i.e. 0.1234 should be entered as 12.34%).)

Date	Expenditure		Weight			Average
January 1	?		?		=	?
March 31	?		?		=	?
June 30	?		?		=	?
October 30	?		?		=	?
Accumulated expenditures	$0					$0
	Average		Interest Rate			Capitalized Interest
Average accumulated expenditures	$0
?	?		?	%	=	$0
?	?		?	%	=	0 $0

5. A company constructs a building for its own use. Construction began on January 1 and ended on December 30. The expenditures for construction were as follows: January 1, $510,000; March 31, $610,000; June 30, $410,000; October 30, $630,000. To help finance construction, the company arranged a 8% construction loan on January 1 for $720,000. The companys other borrowings, outstanding for the whole year, consisted of a $2 million loan and a $4 million note with interest rates of 10% and 7%, respectively. Assuming the company uses the weighted-average method, calculate the amount of interest capitalized for the year. (Do not round intermediate calculations. Round your percentage answer to 2 decimal places (i.e. 0.1234 should be entered as 12.34%).)

Date	Expenditure		Weight			Average
January 1, 2018	?		?		=	?
March 31, 2018	?		?		=	?
June 30, 2018	?		?		=	?
October 30, 2018	?		?		=	?
Accumulated expenditures	$0					$0
	Average		Interest Rate			Capitalized Interest
Average accumulated expenditures	$0		?	%	=	$0