Computing Interest Capitalization Amounts Whit Company spent a total of $$600,000$ cash on a construction project during $2018$ and $2019.$ During $2020,$ Whit spends an additional $$1,200,000$ evenly during the year on the project and completes construction at the end of $2020.$ Debt outstanding during $2020$ follows. Debt Amount Accounts payable average balance $$100,00010\%$ bond payable $1,400,00012\%$ construction loan $400,000$ a$.$ Compute the amount of interest to be capitalized in $2020.$ $ b$.$ Calculate the amount of interest to expense in $2020.$