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GT Co. contracted Cal Inc. on Dec 17, 20X1 to construct a building for $1,634,000. GT made payments, as follows, to Cal for building
GT Co. contracted Cal Inc. on Dec 17, 20X1 to construct a building for $1,634,000. GT made payments, as follows, to Cal for building construction during 20X2: $900,000 on Jan 1 . $320,000 on April 1 $144,000 on Sept 1 $270,000 on Dec 1 During 20X2, GT's construction debt outstanding was an $800,000, 2-year, 10% note and other debt outstanding was a $600,000, 5-year, 7% note. Interest on outstanding debt is paid annually on Dec 31. Construction was completed on Dec 31, 20X2. (a.) What is the total weighted-average accumulated expenditures for 20X2? (Enter your answer rounded to the nearest whole dollar, as applicable. Do not include any words or signs in your answer; enter number only) $ (b.) What is the amount of interest capitalized on 12/31/X2, if any? (Enter your answer rounded to the nearest whole dollar, as applicable. Do not include any words or signs in your answer; enter number only. If none, enter "0") $
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