please help

5. a, On December 31, 2016, Main Inc. mined 51%,!!!) at 12% payable annually to nance 9 the construction of a new building. In 201?. the company made the following expenditures related to this building: March 1 $360,\" June 1 $600,003 July 1 $1,500,000 December 1 $1,500,000. The building was completed in FebruaryI 2018. Additional information is provided as follows. 1. Other debt outstanding 10-year, 13% bond. December 31, 2010, interest payable annuallyr $4.000,000 6-year, 10% note. dated December 31, 2014, interest payable annually $1,600,000. 2. March 1, 201?, expenditure included land costs of $150,000 3. Interest revenue earned in 20!? $49,000 Required: 1. Determine the amount of interest to be capitalized in 201? in relation to the construction of the building. ii. Prepare the journal entry to record the capitalization of interest and the recognition of interest expense, if any. at December 3], 2017. b. To what extent do you consider the following items to be proper costs of the xed asset? 3.5 1. Overhead of abusiness that builds its own equipment. ii. Cash discounts on purchases of equipment. iii. Interest paid during construction of a building. Required: Give reasons for your opinions