Answer the following problems with solution and explanation.

2-2. Uy Company acquired a tract of land on which was located an office building, a warehouse, and manager's residence for a lump sum of P49,500,000. The following data were taken relative to these assets. Vendor's Appraised Value Original Cost Land P21,875,000 P 17,500,000 Office building 20,000,000 18,000,000 Warehouse 9,375,000 10,000,000 Manager's residence 5,000,000 4,500,000 P56,250,000 P50.000.00Q Shortly after acquisition, modifications were made on the office building at a cost of P1,200,000. REQUIRED: What costs should be assigned to the land, office building, warehouse and manager's residence, respectively?2-14. On January 1, 2022, Alondra Corporation contracted with Red Rock Construction Company to construct a building for P40,000,000. The contract provides that Alondra is to make five payments in 2022, with the last payment scheduled at the date of completion. The building was completed on December 31, 2022. 2Alondra made the following payments during 2022 January 1 P4,000,000 March 31 8,000,000 June 30 12,200,000 September 30 8,800,000 December 31 7,000,000 Alondra had the following debts outstanding at the end of 2022: 12%, 4-year note dated January 1, 2022. This loan relates specifically to the building project P17,000,000 10%, 10-year note dated December 31, 2018 12,000,000 12%, 5-year note dated January 31, 2020 14,000,000 REQUIRED: (a) What is the amount of interest capitalized in 2022? ( b ) What is the total cost of the building constructed? 3