Ford Corporation purchased land for an office site by paying $180,000 cash on March 1. The company began construction on the office building on March 1. The following expenditures were incurred for construction: March 1: $120,000 April 1: $168,000 May 1: $300,000 June 1: $480,000 The office was completed and ready for occupancy on July 1. To pay for the construction, the company borrowed $240,000 on March 1, at 9% interest 3-year note payable. The company's only other liabilities at the time was a $100,000, 6-year note at 12% interest, which was outstanding during the entire construction period Assume the weighted average accumulated expenditures for the construction project were $290,000. Determine the amount of interest cost to be capitalized. $27,600 O $26,100 $30,000. $28,200. $33,600