A company constructs a building for its own use and uses the uses the specific interest method to record the interest. The following information relates to the year 2021. Weighted average expenditures for construction $ 540,000 Construction loan, 5%, starting January 1 360,000 Long-term note, 8%, outstanding all year 290,000 How much interest was debited to the Interest Expense account in 2021 for these loans?