Question: ( cont . from question above ) On December 3 1 , 2 0 2 4 , Marshall Inc. borrowed $ 1 , 0 0

(cont. from question above)
On December 31,2024, Marshall Inc. borrowed $1,000,000 at 10% payable annually to finance the construction of a new building. In 2025, the company made the following expenditures related to this building: June 1,$400,000; July 1,$600,000; September 1, $1,200,000; December 1,$600,000. The building was completed in April 2026. Additional information is provided as follows:
\table[[Other Debt Outstanding:,],[10-year, 8% bond, dated 1231?18,$10,000,000
(cont. from question above) On December 31,2024, Marshall Inc. borrowed $1,000,000

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