32 (3 points) B constructed a warehouse for its own use started construction on January and completed construction on December 31. Construction expenditures were as follows: $480,000 on January 1 $600,000 on May 1 53000XX0 on June 30 $240,000 on December 1 . During the entire year I had the following outstanding notes payable, none of which were construction related A4%, 5-year $4,000,000 note payable A 3%. 7-year $2.000.000 note payable A5%. 4-year $1,000,000 note payable What were B's total interest costs for the year? b) What amount of interest should B eapitalize on this construction project? c) What was B's interest expense for the year