Early year ending December $31,2024,$ San Antonio Outfitters finalized plans to expand operationsThe first stage was completed on March $28$ with the purchase of a tract of land on the of the cityThe land and existing building were purchased by paying $$360\mathrm{.}000$ Immediately and signing a noninterest$-$ bearing note requiring the company to pay $$760,000$ on March $282026$ An interest rate of $8\%$ properly reflects the time value of money for this type of agreement search insurance, and other closing costs totaling $$36\mathrm{.}000$ werb paid at closing At the end of Aprilthe old building was demolished at a cost of $$86,000,$ and an additional $$66,000$ was paid to clear and grade the Construction of a new building began on May $1$ and was completed on October $29$ Construction expenditures were as follows: May $1$ July San Antonio borrowed $$6,000,000$ at $\%$ on May to help finance constructionloanplus interest be paid $2025.$ The company also had a $$6\mathrm{.}850\mathrm{.}000,8\%$ long$-$term note payable outstanding throughout $2024$ Novemberthe company purchased $10$ identical pieces of equipment and office furniture and fixtures for a lump$-$sum price of $$760,000$The fair values of the equipment and the furniture and fixtures were $$645,000$ and $$215,000$respectively December San Antonio a contractor $$365,000$ for the construction of parking lots and for landscaping Required: Determine the values of the various assets that San Antonio acquired or constructed during $2024.$ The company uses the interest method to determine the amount of interest capitalized on the building construction Hint Expenditures on March $28$ and $30$ to acquire land on which to construct the building are included as part of accumulated expenditures for determining the amount of interest capitalized on the buildingThis means the interest capitalization period begins on March $28$ How much interest expense San Antonto report in $2024$ income statement $?$ Note: Use Excelor a financial PVA of of and PVAD of