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During 2025 , Crane Company constructed assets costing $4070000. The weighted-average accumulated expenditures on these assets during 2025 was $2410000. To help pay for construction,
During 2025 , Crane Company constructed assets costing $4070000. The weighted-average accumulated expenditures on these assets during 2025 was $2410000. To help pay for construction, $1720000 was borrowed at 10% on January 1,2025 , and funds not needed for construction were temporarily invested in short-term securities, yielding $35000 in interest revenue. Other than the construction funds borrowed, the only other debt outstanding during the year was a $1970000,10-year, 9% note payable dated January 1, 2019. Interest is payable on both notes at December 31,2025 . What is the amount of interest that should be capitalized by Crane during 2025? $234100.$241000.$366300.$120500
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