Question 23 8 points Save Answer On December 31, 2018, Main Inc. borrowed 54,200,000 at 12% payable annually to finance the construction of a new building. In 2019, the company made the following expenditures related to this building: March 1, 5504,000, June 1, 5840,000: July 1, $2,100,000, December 1, 52,100,000. The building was completed in February 2020 Additional information is provided as follows. 1. Other debt outstanding 10-year, 11% bond, December 31, 2012, interest payable annually $5,600,000 6-year, 10% note, dated December 31, 2016, interest payable annually $2,240,000 2. March 1, 2019, expenditure included land costs of $210,000 3. Interest revenue eamed in 2019 $68,600 Determine the amount of interest to be capitalized in 2019 in relation to the construction of the building Your answer: TT TT Paragraph Arial %DOQ E $x Mashups - Tu @ @ 3 (121) - E - T- T' T, 2 9 --- IE E EEEE - Words Pathp 03 TelephoneDirectory. FAST-PASS Registra... 05.05.20doc.doc 9 Take Test Final E. USD 5/9/2020 c BOS-8X5MCV2