A following Notes Q1. Bullon and been capitalizing interest bedred on average experte is constructing clanilding for its comment The following expenditures are made during the first and march 31, 84350,000 Bullock had the debit out slonding during this quarter A Debt Amt payable 10% incumed speifically to finance contracte$142.000 Short term notes payabie 15%. mortgage note payable 8% $1440,000 Answer the following questions: @ Compute interst to be capitalized and interest to be expenses for this first quarter. 2 Amt. of interest to be capitalized s... Amt. Intenst to expense 9 6 Prepare the entry to record construction expenditure $3000 DOO and interest