Company A signed an agreement with a contractor to have a production facility built. The construction started on 01/01/2020 and continued until 06/01/2021. Company A borrowed a bank loan to be used in financing of the construction. The following information on Company As bank loans is available:

Specific Construction Loan Other Loan Other Loan following information on Company A's bank loans is available: Clion facility built. The construction started on 01/C Annual Interest Rate Amount (S) 1,000,000 7 percent Term 4 years 9 years 700,000 8 percent 2,800,000 10 percent Date Borrowed 12/31/2019 10/10/2018 12/17/2016 7 years