Please I need help with each question! Thank you.

Construction began on January 1, 2019 and the building was completed on December 31, 2020.

January 1, 2019 $1,400,000	January 1, 2020 $3,000,000
March 31, 2019 $900,000	April 30, 2020 $900,000
June 30, 2019 $800,000	September 30, 2020 $800,000
July 31, 2019 $600,000	Building complete December 31, 2020
September 1, 2019 $750,000

On January 1, 2019, ALMO obtained a $8,000,000 construction loan with a 5% interest rate. The loan was outstanding for 2019 and 2020. The companys other interest-bearing debt included two long-term notes of $4,000,000 and $4,000,000 with interest rates of 8% and 7%, respectively. Both notes were outstanding during all of 2019 and 2020. Interest is paid annually on all debt. The companys fiscal year end is December 31.

Question 1

2 pts

Using the information above, if the average approach is used the amount of interest capitalized for 2019 should be? (round to the closest whole dollars with no dollar sign but include commas).

NOTE: Calculate your interest rate to this level X.XX%

Question 2

2 pts

Using the information above, if the average approach is used the total cost capitalized for the building at completion would be? (round to closest whole dollars with no dollar sign but include commas)

Question 3

2 pts

Using the information above, if the specific interest approach is used the amount of interest capitalized for 2019 should be? (use whole dollars with no dollar sign but include commas)

Question 4

3 pts

Using the information above, if the specific interest approach is used the total cost capitalized for the building at completion would be? (round to closest whole dollars with no dollar sign but include commas).

If you need a rate beyond the specific rate, calculate it to X.XX%

Question 5

1 pts

This question comes from the last nearpod set for Chapter10

Flappy Software began a new development project in 2019. The project reached technological feasibility on Sept 30, 2020 and was available for release to customers at the beginning of 2021. Development costs incurred prior to Sept 30, 2020 were $3,000,000 and costs incurred from Sept 30 to the product release date were $700,000. 2021 revenues from the sale of the new software were $8,000,000 and the company anticipates additional revenues of $16,000,000. How much will be capitalized as software development costs?