(Do not round intermediate calculations.) Required

Question 18 25 points Save On January 1. 2021, the Mason Manutactunng Company began construction ot a building to be used as Its office headquarters The building was completed on September 30, 2022 Expenditures on the project were as follows January 1, 2021 March 1, 2021 June 30. 2021 October 1, 2021 January 31, 2022 April 30. 2022 August 31, 2022 1040.000 1.440,ooo 396 ooo 729,000 On January 1 2021. the company obtained a 400000 construction loan wth a 14% Interest rate The loan was outstanding all of 2021 and 2022 The cnrnpany's other interest-bearing debt included two long-term notes ot and $8,000000 With Interest rates of 10% and 12%. respectively Both notes were outstandlng dunng all 01 2021 and 2022 Interest is paid annually on a" debt The company's fiscal yearid tst)ecernber 31 (Do not round intermediate calculations.) Required: 1. Calculate the amount of Interest that Mason should capitalize In 2021 and 2022 ustnq the spec'fic Interest methodlAso, calculate the amount of Intelest expense that WII/ appear In the 2021 and 2022 jncorne statements 2021 Interest Capitalized Interest Expense 2. What IS the total cost ot the bulldtngQ 2022