Cathy Company began construction on a new regional office building on January 1, 2021. The building was finished and ready for use on December 31, 2021. During 2021, Cathy spent $5,000,000 on the building as follows: Date Amount 1/1/2021 $3,000,000 7/1/2021 $2,000,000 Cathy had $10 million in 9% bonds outstanding throughout 2021. Cathy had no other debt. What should Cathy report as interest expense on its income statement for 2021? $360,000 $450,000 $585,000 $540,000 O $900,000