1. Milk Corp is constructing a barn. Construction began on 5/1/23 and the barn was completed 12/31/23. Milk Corp made payments to the construction company of $370,000 on 3/1, $632,000 on 8/1, and $974,000 on 12/1. Milk Corp took out a 5% loan to help pay for this construction on 5/1/23 for $724,500 of which the principal and interest is all due on 5/1/25. Other long-term loans that Milk Corp has include 1) A 4% $560,000 6-year loan that started 1/1/23 and 2) $895,000 3-year loan with a 7% interest that started 1/1/21. Use the following charts if needed and round to two decimal places for interest rates if necessary. Date of Payment Construction Cost Weight (Construction Period) Weighted Average Type of Loan Principal Weight (incur int) Weighted Debt Interest Rate Capitalizable Interest a. What is the maximum weighted average accumulated construction expenses that can be capitalized for 2023? (4 points) b. What is the amount of interest expense that is capitalized for 2023? (4 points) c. What is the balance of the Building Under Construction account as of 12/31/23 after all adjustments have been made? (1 point) d. What is the balance of the interest expense account as of 12/31/23 after all adjustments have been made? (1 point)