Question: i need help solving this problem please!! On December 31, 2016, Sheridan Inc. borrowed $3, 240,000 at 13% payable annually to finance the construction of

i need help solving this problem please!!

On December 31, 2016, Sheridan Inc. borrowed $3, 240,000 at 13% payable annually to finance the construction of a new building In 2017 the company made the following expenditures related to this building: March 1, $388, 800; June 1, $648,000; July 1, $1, 620,000; December 1, $1, 620,000. The building was completed in February 2018. Additional information is provided as follows. Your answer is incorrect. Determine the amount of interest to be capitalized in 2017 in relation to the construction of the building. The amount of interest $

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