a On July 31, 2020, Sunland Company engaged Minsk Tooling Company to construct a special-purpose piece of factory machinery Construction begun immediately and was completed on November 1, 2020. To help finance construction, on July 31 Sunland issued a $283.200, 3-year, 12% note payable at Netherlands National Bank, on which interest is payable each July 31. $175,200 of the proceeds of the note was paid to Minsk on July 31. The remainder of the proceeds was temporarily invested in short-term marketable securities (trading securities) at 10% until November 1. On November 1. Sunland made a final $108.000 payment to Minsk. Other than the note to Netherlands, Sunland's only outstanding liability at December 31, 2020, is a $30,200,8%, 6-year note pavable.dated January 1, 2017 on which interest is payable each December 31. Calculate the interest revenue, weighted average accumulated expenditures, avoidable interest, and total interest cost to be capitalized during 2020. Interest revenue $ 2700 Weighted average accumulated expenditures $ 43800 Avoidable Interest 5256 $ $ 5256 Interest capitalized Prepare the journal entries needed on the books of Sunland Company at each of the following dates. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) (1) (2) (3) July 31, 2020 November 1, 2020 December 31, 2020 Udte ACCOUNT Tinies and Expranauon Deni ureur V (To record the note.) (To record the payment to Minsk.) [To record the payment to Minsk.) 12/31