View Policies Current Attempt in Progress On January 1, 2020, Vaughn Manufacturing purchased land for an office site by paying $2600000 cash. Vaughn began construction on the office building on January 1. The following expenditures were incurred for construction: Date Expenditures January 1, 2020 $ 1740000 April 1, 2020 2520000 May 1, 2020 4480000 June 1, 2020 4750000 The office was completed and ready for occupancy on July 1. To help pay for construction, and purchase of land $3620000 was borrowed on January 1, 2020 on a 9%, 3-year note payable. Other than the construction note, the only debt outstanding during 2020 was a $1410000, 12%, 6-year note payable dated January 1, 2020, Assume the weighted-average accumulated expenditures for the construction project are $4310000. The amount of interest cost to be capitalized during 2020 is $408600. $495000. O $440700. O $387900