Early 2013, Gamma Industries, Inc. began constructing a new manufacturing facility at a budget cost of $1,800,000 for its own use. The construction was completed on June 30. 2014. The following expenditures were made for the construction during 2013 and 2014. It actually spent more money than they had expected. January 1, 2013 $300,000 April 1, 2013 400,000 October 1, 2013 600,000 March 1,2014 300,000 Ma 1, 2014 300.000 The company had the following debt outstanding during these periods: (a) 7 percent, 20-year bonds to finance the construction. $1,000.000. (b) 8 percent, 5-year note, $2,000,000. (e) 10 percent. three-year note. $3.000,000. Determine the amount of interest to be capitalized by Gamma Industries for 2013 and 2014, respectively, by using the specific interest method. Early 2013, Gamma Industries, Inc. began constructing a new manufacturing facility at a budget cost of $1,800,000 for its own use. The construction was completed on June 30. 2014. The following expenditures were made for the construction during 2013 and 2014. It actually spent more money than they had expected. January 1, 2013 $300,000 April 1, 2013 400,000 October 1, 2013 600,000 March 1,2014 300,000 Ma 1, 2014 300.000 The company had the following debt outstanding during these periods: (a) 7 percent, 20-year bonds to finance the construction. $1,000.000. (b) 8 percent, 5-year note, $2,000,000. (e) 10 percent. three-year note. $3.000,000. Determine the amount of interest to be capitalized by Gamma Industries for 2013 and 2014, respectively, by using the specific interest method