During 2023, Crane Company constructed various assets at a total cost of $5.40 million. The weighted-average accumulated expenditures on assets qualifying for capitalization of interest during 2023 were $3.00 million. The company had the following debts outstanding at December 31. 2023: 1. 8\%, five-year note to finance construction of various assets, dated January 1, 2023, with interest payable annually on January 151,900,000 2. 10x, ten-year bonds issued at par on December 31, 2018, with interest payable annually on December 31$2,200,000 3. 7%, three-year note payable, dated January 1,2022, with interest payable annually on January 151,100,000