1 point The total interest allowed to be capitalized to building on December 31, 2013 * On January 1, 2012 Petronas Company hired M Builders to construct a building for P20,000,000. Petronas Company is required to make 5 payments in 2012 with the last payment scheduled on the date of completion Building construction was completed on December 31, 2012. Petronas Company made the following payments in 2012 January 1 2,000,000 March 31 4,000,000 June 30 6.100,000 September 30 4,400,000 December 31 3,500,000 Petronas Company had the following debt outstanding on December 31, 2012 12%, P8,500,000, 4-year construction loan dated 1/1/2012 with interest compounded quarterly, both principal and interest due on December 31, 2015 10%, P6,000,000, 10-year note dated 12/31/2008 with simple interest payable annually on December 31 12%, 7,000,000, 5-year note dated 12/31/2010 with simple interest payable annually on December 31 Your