During 2004, Bell Corporation constructed assets costing $750,000. The weighted-average accumulated expenditures on these assets during 2004 was $450,000. To help pay for construction, $330,000 was borrowed at 10% on January 1, 2004, and funds not needed for construction were temporarily invested in short-term securities, yielding $7,000 in interest revenue. Other than the construction funds borrowed, the only other debt outstanding during the year was a $375,000, 10-year, 9% note payable dated January 1, 1998. What is the amount of interest that should be capitalized by Bell during 2004? a. $45,000. b. $22,500. c. $43,800. d. $70,800. B D