Question: Kris Kringle Korporation ( Triple K ) is constructing a new toy factory for Santa's elves. Construction began on January 1 and was completed on

 Kris Kringle Korporation (Triple K) is constructing a new toy factory
Kris Kringle Korporation (Triple K) is constructing a new toy factory for Santa's elves. Construction began on January 1 and was completed on December 31. Expenditures are listed below. Triple K borrowed $60,000 on January 1 on a 5-year, 5% note to help finance construction of the barn. In addition, the company had outstanding all year a 6%,3-year, $120,000 note payable and a 4.5%,4-year, $225,000 note payable.
\table[[Expenditures],[21,$120,000,$60,000,5 year. 5%
for Santa's elves. Construction began on January 1 and was completed on

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