Question: please help on the bottom chart!!! A company constructs a building for its own use. Construction began on January 1 and ended on December 30.

please help on the bottom chart!!!

A company constructs a building for its own use. Construction began on January 1 and ended on December 30. The expenditures for construction were as follows: January 1, $620,000, March 31, $720,000, June 30, $520,000, October 30, 5960,000. The company arranged a 7% loan on January 1 for $940,000. Assume the 5940,000 loan is not specifically tied to the construction of the building. The company's other borrowings, outstanding for the whole year, consisted of a $3 million loan and a $5 million note with interest rates of 8% and 6%, respectively. Assuming the company uses the weighted average method, calculate the amount of interest capitalized for the year. (Do not round intermediate calculations. Round your percentage answer to 2 decimal places (ie. 0.1234 should be entered as 12.34%).) Date Weight 12/12 9/12 January 1, 2021 March 31, 2021 June 30, 2021 October 30, 2021 Accumulated expenditures Expenditure 620.000 720.000 520,000 960.000 2.820.000 Average 620.000 540,000 260,000 160,000 1,580,000 6/12) = 2/12 Average Interest Rate Capitalized Interest $ 1.580.000 Average accumulated expenditures Construction loan Other loans (not construction)

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