Problem $10-10($Algo$)$ Interest capitalization; weighted$-$average method $[$LO$10-7]$ On January $1.2027,$ the Mason Manufacturing Company began construction of a building to be used as its office headquarters The building was completed on September $30,2028.$ Expenditures on the project were as follows: On January $1,2027,$ the company obtained a $\backslash (\backslash$$ $3\backslash )$ million construction loan with a $\backslash (11\backslash \%\backslash )$ interest rate Assume the $\backslash (\backslash$$ $3\backslash )$ million loan is not specifically fied to construction of the bulding. The loan was outstanding all of $2027$ and $2028.$ The company's other interest$-$bearing debt included two long$-$term notes of $\backslash (\backslash$$ $5,700,000\backslash )$ and $\backslash (\backslash$$ $7,700,000\backslash )$ with interest rates of $\backslash (5\backslash \%\backslash )$ and $\backslash (7\backslash \%\backslash ),$ respectively. Both notes were outstanding during all of $2027$ and $2028$ Interest is paid annually on all debt. The company's fiscal year$-$end is December $31.$ Required: Using the weighted$-$average interest method, answer the following questions: $1.$ Calculate the amount of interest that Mason should capitalize in $2027$ and $2028$ using the weighted$-$average method. $2.$ What is the total cost of the building? $3.$ Calculate the amount of interest expense that will appear in the $2027$ and $2028$ income statements. Complete this question by entering your answers in the fabs below. $1.$ Calculate the amount of interest that Mason should capitallize in $2027$ and $2028$ using the weighted$-$average method. $3.$ Calculate the amount of interest expense that will appear in the $2027$ and $2028$ income statements. Note: Round "Weighted$-$average rate of all debt" to $2$ decimal places and do not round other intermediate pilculations. Enter your answers in dollars rounded to the nearest whole number.