5 On January 1, 2018, the Mason Manufacturing Company began construction of a building to be used as its office headquarters. The building was completed on September 30, 2019 Expenditures on the project were as follows points January 1, 2018$1,090,00 March 1, 2018 June 30, 2018 October 1, 2018 January 31, 2019 April 3e, 2019 August 31, 2019 eBook 780,080 980,080 780,000 297,000 630,000 927,000 Print On January 201 8, the company obtained a $3,300,000 construction loan with a 16% interest rate. The loan was outstanding all of ny's other interest-bearing debt included two long-term notes of $2,000,000 and $8,000,000 with interest y Both notes were outstanding during all of 2018 and 2019. Interest is paid annually on all debt. The rates of 10% company's fiscal year-end is December 31 Required: 2. What is the total cost of the building? he amount of interest that Mason should capitalize in 2018 and 2019 using the specific interest method. 3. Calculate the amo unt of interest expense that will appear in the 2018 and 2019 income statements