Computing and Recording Interest Capitalization

a$.$ Compute $(1)$ interest to be capitalized and $(2)$ interest to be expensed for this first quarter

$\backslash$table$[[1.$ Capitalized Interest,$$,0],[2.$ Interest expense,$$,0]]$

b$.$ Prepare the entry to record the construction expenditures and the interest for the first quarter. Assume all payments are in cash.