Check my work 5 mornton Industries began construction of a warehouse on July 1, 2021. The project was completed on March 31, 2022. No ew loans were required to fund construction. Thornton does have the following two interest-bearing liabilities that were atstanding throughout the construction period: 19 points $6, 000, 000, 98 note $9,000,000, 46 bonds eBook Hint onstruction expenditures incurred were as follows: July 1, 2021 $ 740,000 September 30, 2021 1, 110,000 November 30, 2021 1, 110,000 January 30, 2022 1, 050,000 ne company's fiscal year-end is December 31. equired: alculate the amount of interest capitalized for 2021 and 2022. Complete this question by entering your answers in the tabs below. 2021 2022 Calculate the amount of interest capitalized for 2021. (Do not round the intermediate calculations. Round your percentage answers to19 Complete this question by entering your answers in the tabs below. points 2021 2022 eBook Hint Calculate the amount of interest capitalized for 2021. (Do not round the intermediate calculations. Round your percentage answer decimal place (i.e. 0.123 should be entered as 12.3%).) Date Expenditure Weight Average July 1, 2021 $ 740,000 X 6/6 $ 740,000 September 30, 2021 1, 110,000 X 3/6 655,000 November 30, 2021 1,110,000 X 1/6 185,000 Accumulated expenditures $ 2,960,000 $ 1,480,000 Amount Interest Rate Capitalized Interest Average accumulated expenditures $ 1,480,000 X :% X $ 0