Problem IV: (13 pts) Cassidy Inc. began to construct a building for its use on January 1, 2019. All costs associated with the construction are being debited to an account called "Construction-in-Progress." The construction will take approximately 24 months. Weighted-average expenditures for 2019 have already been determined to be 54,300,000. The company has one specific as well as two non-specific loan borrow- ings. Details are as follows: Specific Lean Borrowing: $2,000,000 loan at 12% taken out 1/1/2019 and due in 2023 Non-specific Borrowings: Note #1: $1,000,000 at 9%. This loan was outstanding for all of 2019 and is due in 2020. Note #2: $3,000,000 at 12%. This loan was outstanding for all of 2019 and is due in 2021. Part B: If the company has already accrued and paid the 2019 interest costs on these three loans by debiting "Interest Expense" and crediting "Cash", what should be the adjusting journal entry it makes on 12/31/19 to capitalize the interest amount you calcu- lated in Part A? Part A: What portion of the interest on all of its loans should be capitalized in 2019? Important: Round interest rates to two deci mal places when expressed as a percentage (ex. 114321 - 11.43%)