Please give me 100 percent correct answer. Do not give me wrong answer.

4) On June 1, 2023, the Refract Company began construction of a new manufacturing plant. Work finished on the plant on October 31, 2024. Expenditures on the project were as follows ($ in millions):

July 1, 2023 54 October 1, 2023 22 February 1, 2024 30 April 1, 2024 21 September 1, 2024 20 October 1, 2024 6

On July 1, 2023, Refract obtained a $70 million construction loan with a 6% interest rate. The loan was outstanding through the end of October, 2024. The company's only other interest-bearing debt was a long-term note for $100 million with an interest rate of 8%. This note was outstanding during all of 2023 and 2024. The company's fiscal year-end is December 31. In computing the capitalized interest for 2024, Refract's average accumulated expenditures are Question 4 options:

1)

$122.30 million.

2)

$103.54 million.

3)

$124.25 million.

4)

$46.30 million.

17) The following listed data are relative to an exchange of equipment by Tail and Tales, Inc. Assume the exchange has commercial substance.

Old Equipment Cash Book Value Fair Value Paid Case A $75,000 $80,000 $12,000 Case B $60,000 $56,000 $10,000

For Equipment A, Tail and Tales would record the new equipment at Question 17 options:

1)

$63,750.

2)

$68,000.

3)

$67,250.

4)

$80,000.

20) On January 1, 2023, Mites, Inc., acquired land for $6.2 million. Mites paid $1.2 million in cash and signed a 6% note requiring the company to pay the remaining $5 million plus interest on December 31, 2024. An interest rate of 6% properly reflects the time value of money for this type of loan agreement. For what amount should Mites record the purchase of land? Question 20 options:

1)

$6.8 million

2)

$5.6 million

3)

$5.0 million

4)

$6.2 million