(c) X Your answer is incorrect. Situation III Wildhorse, Inc. has a fiscal year ending April 30. On May 1, 2020, Wildhorse borrowed $9,220,000 at 11% to finance construction of its own building. Repayments of the loan are to commence the month following completion of the building. During the year ended April 30, 2021, weighted average accumulated expenditures were $3,227,000. Interest earned on the unexpended portion of the loan amounted to $599,300 for the year. How much should be shown as capitalized interest on Wildhorse's financial statements at April 30, 2021? Capitalized interest on Wildhorse's financial statements $ $ 177485 e Textbook and Media Save for Later Attempts: 1 of 3 used Submit