Grinch borrowed $750,000 at 12% interest on January 1, 2018 to be used specifically for the construction of the asset. This loan was outstanding throughout the construction period. The company also had $4,500,000 in 9% bonds outstanding in 2018 and 2019. The company uses the specific interest method to capitalize interest, and their year ends on December 31st

-Interest capitalized by Grinch Inc. for 2018 was:

-Interest capitalized by Grinch Inc. for 2019 was:

-Interest expense reported by Grinch Inc. on its 2018 income statement was:

-The total cost of the cattle feeder system is: