Bank A Bank B Loan 3 4 1-Jun-20 15 1-Sep-20 16 17 1-Mar-21 18 1-Apr-21 19 1-Oct-21 Construction payments 20 Evenly, Jan 1- Nov 1 21 26 Annual Rate Land A montandon 7% 5.50% Expenditures for the building, and draws against the construction loan agreement were as 1 follows: 2 Port 81 Amount $300,000 $500,000 Construction loan amounts 708,000 1-Jul-20 744,000 1-Sep-20 Date of loan 936,000 1-Feb-21 1,080,000 1-May-21 360,000 200 1-Jun-20 1-Jul-22 1-Jul-19 1-Apr-22 22 Required: 23 1. Calculate the schedules for capitalized interest for 2020 and 2021. 24 2. Calculate account balances for 2020 and 2021 for: 25 548,000 600,000 Date of repaymen t 600,000 540,000