View Policies Current Attempt in Progress On March 1, 2020, Marigold Corp. purchased land for an office site by paying $2750000 cash. Marigold began construction on the office building on March 1. The following expenditures were incurred for construction: Date March 1, 2020 April 1, 2020 May 1, 2020 June 1.2020 Expenditures $1790000 2460000 4470000 4700000 The office was completed and ready for occupancy on July 1. To help pay for construction, and purchase of land $3580000 was borrowed on March 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. The actual interest cost incurred during 2020 was O $437700. O $245700. O $409500. $491400. Save for Later Attempts: 0 of 1 used Submit