Question: Current Attempt in Progress Blossom Corporation began constructing a new plant facility in 2 0 2 5 . The building is expected to be completed

Current Attempt in Progress Blossom Corporation began constructing a new plant

Current Attempt in Progress
Blossom Corporation began constructing a new plant facility in 2025. The building is expected to be completed on October 1,2025.2025 payments to the contractor are $234,000 on January 4,$288,000 on April 1,$402,000 on July 1 and $138,000 on September 1. Blossom has secured a construction loan of $550,000 at 5% interest on January 4,2025. Blossom has no other debt outstanding. What is the interest amount to capitalize?
Interest to capitalize
$
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facility in 2025. The building is expected to be completed on October

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