Exercise 10-23 (Algo) Interest capitalization [LO10-7] On January 1, 2021, the Shagn Company began construction on a new manufacturing facility for its own use. The building was completed in 2022. The only interest-bearing debt the company had outstanding during 2021 was long-term bonds with a book value of $11,500,000 and an effective interest rate of 10%. Construction expenditures incurred during 2021 were as follows. bok January 1 March 1 July 31 September 30 December 31 5650,000 690,000 570,000 750,000 450,000 To Required: Calculate the amount of interest capitalized for 2021 Expenditure Weight Averago Date January 1 March 1 July 31 September 30 December 31 Accumulated expenditure X X 5 VO 2014 Gold Colour 10 Homework VIPLeague Free liv daunchurahttps%253A%252F252Futsa bladboard.com Game Thread: Phill. Nelis-Watch TV. January 1 March 1 July 31 September 30 December 31 $650,00 690.000 57,00 750,000 450, Required: Calculate the amount of interest capitalized for 2021 13 ** Weight Average Date January 1 March 1 July 31 September 30 December 31 Accumulated expenditure 5 0 5 Amount Average accumulated dures interest Rate Carta rest CPO Nec here to search O ti 2