Question: On July 3 1 , 2 0 2 0 . Teal Company engaged Mirak Tooling Company to comstnuct a special purpose plecte of factory machinerk

On July 31,2020. Teal Company engaged Mirak Tooling Company to comstnuct a special purpose plecte of factory machinerk Conatruction begun immediutely and was completed on November 1,2020. To helg frumoce construction, on hly 31 Tral insued a proceeds of the note was puid to Minsk os July 31. The remainder of the proceedo was temporarly invested in short-term nurletalie securities (trading securities) at 10% untal November 1. On November 1. Teal made a firal 592.000 papment ts Minde Outer Buan the note to Netherlands. Teal's only outstanding liability at December 31,2020, is a 532,900, bx,6 year note papable, dabed lanuarr 1.2017. on which interest is payable each erember 34
(a)
Calculate the interent revenue, weighted-average accumalated expenditures, moidable interent, and total interest cost to be capitalized during 2020.
Interest revenue
$
Weighted-average accumulated eapenditures
$
Avoidable interest
q,
*
8
Interest capitalized
55q,
On July 3 1 , 2 0 2 0 . Teal Company engaged

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