Current Attempt in Progress Sandhill Inc. is a book distributor that had been operating in its original facility since 1990. The increase in certification programs and continuing education requirements in several professions has contributed to an annual growth rate of 15% for Sandhill since 2015 Sandh'original facility became obsolete by early 2020 because of the increased sales volume and the fact that Sandhill now carries CDs in addition to books. On June 1, 2020. Sandhill contracted with Black Construction to have a new building constructed for $4.240.000 on land owned by Saidil. The payments made by Sandhill to Black Construction are shown in the schedule below, Date Amount 5954,000 July 30, 2020 January 30, 2021 1.590,000 May 30,2021 1.696,000 Total payments $4.240.000 Construction was completed and the building was ready for occupancy on May 27, 2021. Sandhill had no new borrowings directly associated with the new building but had the following debtoutstanding at May 31, 2021, the end of its fiscal year. 12:31 utsu Construction was completed and the building was ready for opancy on May 27,2021 Sandhill had no new borrowing directly associated with the new building but had the following debt outstanding at May 31, 2021, the end of its fiscal year. 10% 5 year note payable of $2.120,000, dated April 1, 2017, with interest payable anually on April 1. 12%,. 10 year bond issue of $3,180,00 sold at par on June 30, 2013, with interest payable annually on June 30. The new building qualines for interest capitalization. The effect of capitating the interest on the new building compared with the effect of expensing the Interest, is material (a) Compute the weighted average accumulated expenditures on Sanchis new building during the capitalization period. $ Weighted Average Accumulated Expenditures Textbook and Medin 0 M 12:32 acer Question 5 of 9 - 7 Compute the avoidable interest on Sandhill's new building and de 125) Avoidable Interest 5 Textbook and Media Save for at Attempts of used SAW (c) Some interest cost of Sandhill Inc is capitained for the year ended May 31, 2021. Compute the amount of each items that we disclosed in Sandhi's financial statements Total actual interest cost $ 0 0 12:32 acer (c) Some interest cost of Sandhill Inc. is capitalized for the year ended May 31, 2021. Compute the amount of each items that must be disclosed in Sandhill's financial statements Total actual interest cost $ $ Total interest capitalized Total interest expensed $ e Textbook and Media Attempts: 0 of 5 used Submit Save for Late M acer