Rachel Corporation is constructing a new wind power-generating facility. Construction began on January 2 and was completed on December 31 of the current year Rachel made b (Click the icon to view expenditures) To specifically finance the project, Rachel issued $2,300,000 of 2-year, 7% notes payable on January 2 Interest is payable annually on December 31 each year. I earned interesti amount of interest can Rachel capitalize during the year? Let's begin by calculating the weighted-average accumulated expenditures for the current year. (Do not round intermediary calculations Only round the amount you input in the cell Date Weighted Average Accumulated Expenditures (Current Year) 15 Expenditure Table - X January 2 August 11 October 1 December 1 Date Amount Total Accumulated Expenditure January 2 $ 530,000 August 1 Now, determine the amount of interest to be capitalized by Rachel Corporation (Round your answer to t October 1 390,000 1,225,000 The interest to be capitalized is $ December 1 155,000 Enter any number in the edit fields and then continue to the next question. Print Done a facility Construction began on January 2 and was completed on December 31 of the current year Rachel made the following expenditures during the year year, 7% notes payable on January 2 Interest is payable annually on December 31 each year. It earned interest income of $6,000 from investing the proceeds of the note during the year What penditures for the current year. (Do not round intermediary calculations Only round the amount you input in the cell to the nearest dollar) 17 Expenditure Table Date Amount January 2 $ 530,000 390.000 October 1 1,225,000 December 1 155,000 el Corporation (Round your answer to t August 1 next question Print Done X