NEED ASAP

Problem 2

PINAUTANG started constructing a building for its own use in January 1, 2020. PINAUTANG provided the following information related to the construction:

Outstanding loans of the Company at January 1, 2020:

Interest Rate	Amount of loan	Interest Cost
15%	P10,000,000	P 1,500,000
5%	30,000,000	1,500,000
Total	P40,000,000	P3,000,000

On January 1, 2020, PINAUTANG also borrowed P5,000,000 at 12% per annum, to specifically fund its expected construction on March 1, 2020.

January 1, 2020	P1,000,000
May 31, 2020	3,000,000
July 1, 2020	8,000,000
November 31,2020	6,000,000
December 31, 2020	2,000,000

How much is the total cost of the constructed asset as of December 31, 2020?

Flag question: Question 13

Question 135 pts

Problem 2

Please refer to the given in problem 2, the amount of interest expense taken to profit or loss for 2020 is?