Computing and Recording Interest Capitalization

The following information is from Bowin Inc. for a long$-$term construction project that is expected to be completed in January of next year. The construction project is for a building intended for the company's own use. The capital expenditure on January $1$ of the current year is for the purchase of land for the building site. No new construction loans were opened for the project during the year. All debt was outstanding for the full year.

$\backslash$table$[[$Capital Expenditures for Curtent Year$],[$Date$,$Astual Expenditures$],[$Jan$.1,$$$66,000$