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10 On January 1, 2018, the Marjlee Company began construction of an office building to be used as its corporate headquarters. The building was completed

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10 On January 1, 2018, the Marjlee Company began construction of an office building to be used as its corporate headquarters. The building was completed early in 2019 Construction expenditures for 2018, which were incurred evenly throughout the year, totaled $8,400,000 Marjlee had the following debt obligations which were outstanding during all of 2018 10 points Construction loan, 11% Long-term note, 19% Long-tern note, 7% $2,108,000 2.880,000 5,608,000 eBook Required: Colculate the amount of interest capitalized in 2018 for the building using the specific interest method Hint Print References

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