Multiple Choice Question 80 On March 1, 2017, Marigold Corp. purchased land for an office site by paying $2790000 cash. Harigold began construction on the following expenditures were incurred for construction: office building on March 1. The Date March 1, 2017 April 1, 2017 May 1, 2017 June 1, 2017 Expenditures 1740000 2470000 4580000 4850000 The office was completed and ready for occupancy on July To help pay for construction, and purchase of land $360 00 was borrowed on March i 2017 on a 9% 3 year note payable. Other than the construction note, the only debt outstanding during 2017 was a sissoooo, 12%, 6-year note payable dated January 1, 2012. Assume the weighted-average accumulated expenditures for the construction project are $4390000. The amount of interest cost to be capitalized during 2017 is $418800. $ 131700. $152000. O $170000. Question Attempts: 0 of 1 used SAVE FOR LATER SURNET ANSWER Version 4.24. All Rights Reserved. A Division of La Sons