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can you please correct my number and give me explaination for your answers? Thornton Industries began construction of a warehouse on July 1, 2021. The

can you please correct my number and give me explaination for your answers?
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Thornton Industries began construction of a warehouse on July 1, 2021. The project was completed on March 31, 2022. No new loans were required to fund construction. Thornton does have the following two interest-bearing liabilities that were outstanding throughout the construction period: $4,000,000, 118 note: $6,000,000, 6% bonds Construction expenditures incurred were as follows: July 1, 2021 September 30, 2021 November 30, 2021 January 30, 2022 $560,000 840,000 840,000 780,000 The company's fiscal year-end is December 31. Required: Calculate the amount of interest capitalized for 2021 and 2022. Calculate the amount of interest capitalized for 2021 and 2022. Complete this question by entering your answers in the tabs below. 2021 2022 January 1, 2022 January 30, 2022 Calculate the amount of interest capitalized for 2022. (Do not round the intermediate calculations. Round your percentage answers decimal place (l.e. 0.123 should be entered as 12.3%).) Date Answer is complete but not entirely correct. Average accumulated expenditures Expenditure $ 44,800 x 780,000 X $ 824,800 Amount $ 564,800 x

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