5. During 2020, Kimmel Co. incurred weighted average accumulated expenditures of $1,600,000 during construction of assets that qualified for capitalization of interest. The only debt outstanding during 2020 was a $2,000,000, 10%, 5-year note payable dated January 1, 2020. What is the amount of interest that should be capitalized by Kimmel during 2020? 6- On March 1, Felt Co began construction of a small building. Payments of $490,000 were made monthly for three months beginning March 1. The building was completed and ready for occupancy on June 1. In determining the amount of interest cost to be capitalized, the weighted average accumulated expenditures are 3/1