32. (7 points) B constructed a warehouse for its own use. B started construction on January 1 and completed construction on December 31. Construction expenditures were as follows: $600,000 on January 1 $600,000 on March 1 $300,000 on July 1 $252,000 on September 30 . During the entire year B had the following outstanding notes payable, none of which were construction-related: A 5%, 5-year $8.000.000 note payable A6%, 7-year $4,000,000 note payable A 3%, 4-year $5,000,000 note payable a) What were B's total interest costs for the year? b) What amount of interest should B capitalize on this construction project? C) What was B's interest expense for the year? When necessary, round any interest rate as follows: 4.873% = 4.9% while 3.314% = 3.3%