10 HW Judio.com Saved On January 1, 2018, the Shagri Company began construction on a new manufacturing facility for its own use. The building was completed in 2019. The only interest-bearing debt the company had outstanding during 2018 was long-term bonds with a book value of $11,700,000 and an effective interest rate of 8%. Construction expenditures incurred during 2018 were as follows: Danuary 1 March 1 July 31 September 30 December 31 $ 670,000 702,000 582,000 770,000 470,000 2:15 Required: Calculate the amount of interest capitalized for 2018. Date Expenditure Weight Average es X X X January 1 March 1 July 31 September 30 December 31 Accumulated expenditure x 0 $ 0 $ Average Interest Rate Capitalized Interest $ 0 % 0 X $ Average accumulated expenditures israeljpg A Israel flag.png