Complete Problem C On March 1, Gatt Co. began construction of a small building. The following expenditures were incurred for construction: March 1 $ 90,000 April 1 $ 84,000 May 1 210,000 June 1 300,000 July 1 100,000 The building was completed and occupied on July 1. To help pay for construction $200,000 was borrowed on March 1 through a 12%, three-year construction loan. The only other debt outstanding during the entire year was a $500,000, 10% general purpose note payable. Instructions (a) Calculate the weighted average accumulated expenditures. Calculate the interest to be capitalized. (b)