Part A: Please show how you got the answer! Thank you!

Part B: Please show how you got the answer! Thank you!

On March 1, 2017, Crane Company purchased land for an office site by paying $2520000 cash. Crane began construction on the office building on March 1. The following expenditures were incurred for construction: Expenditures $1680000 2400000 Date March 1, 2017 April 1, 2017 May 1, 2017 June 1, 2017 3600000 The office was completed and ready for occupancy on July 1. To help pay for construction, and purchase of land $2400000 was borrowed on March 1, 2017 on a 8%, 3-year note payable. Other than the construction note, the only debt outstanding during 2017 was a S 1400000 11%, 6- year note payable dated January 1, 2017. The weighted-average accumulated expenditures on the construction project during 2017 were $14290000. O $2900000 $1180000. $1540000