During 2020, Bonita Industries incurred weighted-average accumulated expenditures of $1550000 during construction of assets that qualified for capitalization of interest. The only debt outstanding during 2020 was a $2050000, 11%, 5-year note payable dated January 1, 2020. What is the amount of interest that should be capitalized by Bonita during 2020?

a. $0.

b. $55000.

c. $225500.

d. $170500.