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11 of 40 < View Policies Current Attempt in Progress -/2.5 E Bonita Industries is constructing a building. Construction began on January 1 and was
11 of 40 < View Policies Current Attempt in Progress -/2.5 E Bonita Industries is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were $6370000 on March 1, $5300000 on June 1, and $8250000 on December 31. Bonita Industries borrowed $3250000 on January 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 10%, 3-year. $6450000 note payable and an 11%, 4-year, $12250000 note payable. What is the actual interest for Bonita Industries? O $2382500 O $938990 $1984500 $2418250
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