Current Attempt in Progress During 2020, Brenda Building Company constructed various assets at a total cost of $12,600,000. The weighted average accumulated expenditures on assets qualifying for capitalization of interest during 2020 were $8,818,000. The company had the following debt outstanding at December 31, 2020: 10%, 5-year note to finance construction of various assets, dated January 1, 2020, with interest payable $5,216,000 annually on January 1 12%, ten-year bonds issued at par on December 31, 2014, with interest payable annually on December 31 9%, 3-year note payable, dated January 1, 2019, with interest payable annually on January 1 2.972,500 1 2. 5.945,000 3. Compute the amounts of each of the following. 1. Avoldable interest $ 2. Total interest to be capitalized during 2020 $ Save for Later Attempts: 0 of 1 used Submit