Kris Kringle Korporation (Triple K) is constructing a barn for Santa's reindeer. Construction began on January 1 and was completed on December 31. Expenditures (listed below) were $120,000 on February 28, $99,000 on May 31, and $150,000 on December 31 (It's a really big barn!). Triple K borrowed $60,000 on January 1 on a 5-year, 6% note to help finance construction of the bar. In addition, the company had outstanding all year a 5%, 3 year, $120,000 note payable and a 5.5%, 4-year, $225,000 note payable. Expenditures Borrowings 2/28 $120,000 $60,000, 5 year, 6% 5/31 $ 99,000 $120,000, 3 year, 5% 12/31 $150,000 $225,000, 4 year, 5.5% Answer the following 3 questions: 1. What is the weighted average interest rate used for interest capitalization purposes?XXXS.ru the de 2. How much are the weighted average accumulated expenditures? 3. How much interest should Triple K capitalize? (round to whole dollars)