Early in 2017, Dobbs Corporation engaged Kiner, Inc. to design and construct a complete modernization of Dobbs's manufacturing facility. Construction was begun on June 1, 2017 and was completed on December 31, 2017. Dobbs made the following payments to Kiner, Inc. during 2017: Date Payment June 1, 2017 $2,000,000 August 31, 2017 3,000,000 December 31, 2017 2.500,000 In order to help finance the construction, Dobbs issued the following during 2017: 1. $1,700,000 of 10 year, 9% bonds payable, issued at par on May 31, 2017, with interest payable annually on May 31 2. 300,000 shares of no par common stock, issued at $10 per share on October 1, 2017. In addition to the bonds payable, the only debt outstanding during 2017 was a $475,000, 12% note payable dated January 1, 2013 and due January 1, 2023, with interest payable anually onary Instructions Compute the amounts of each of the following (show computations Weighted average accumulated expenditures qualifying for capitalization of interest cost b. Avoidable interest incurred during 2017 c. Total amount of interest cost to be capitalized during 2017, d. Prepare all entries that are necessary on December 31, 2017. Assume that Dobbs Corporation record all accrued interest expense