answer C

please explain step by step

Attempts: 1 of 3 used (c) Some interest cost of Vaughn Inc. is capitalized for the year ended May 31, 2021. Compute the amount of each items that must be disclosed in Vaughn's financial statements. Total actual interest cost $ Total interest capitalized $ Total interest expensed $ eTextbook and Media Sive for Later Attempts: 0 of 3 used Submit Answer Question 4 of 5 13.33/20 E Vaughn Inc. is a book distributor that had been operating in its original facility since 1990. The increase in certification programs and continuing education requirements in several professions has contributed to an annual growth rate of 15% for Vaughn since 2015, Vaught' original facility became obsolete by early 2020 because of the increased sales volume and the fact that Vaughn now carries CDs in addition to books. On June 1, 2020, Vaughn contracted with Black Construction to have a new building constructed for $4.720,000 on land owned by Vaughn. The payments made by Vaughn to Black Construction are shown in the schedule below, Date Amount July 30, 2020 $1,062,000 1.770.000 January 30, 2021 May 30, 2021 1.888.000 Total payments $4.720,000 Construction was completed and the building was ready for occupancy on May 27, 2021. Vaughn had no new borrowinys directly associated with the new building but had the following debt outstanding at May 31, 2021, the end of its fiscal year 10% 5-year note payablo S40.000 daind Anril 2017 with interes Question 4 05 Construction was completed and the building was ready for occupancy on May 27, 2021. Vaughn had no new borrowings directly associated with the new building but had the following debt outstanding at May 31, 2021, the end of its fiscal year, 10%, 5-year note payable of $2,360,000, dated April 1, 2017, with interest payable annually on April 1. 12%, 10-year bond issue of $3,540,000 sold at par on June 30, 2013, with interest payable annually on June 30, The new building qualifies for interest capitalization. The effect of capitalizing the interest on the new building.compared with the effect of expensing the Interest, is material. (a) Your answer is correct Compute the weighted average accumulated expenditures on Vaughn's new building during the capitalization period