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Hawkins Corporation began construction of a motel on March 3 1 , 2 0 2 4 . The project was completed on April 3 0
Hawkins Corporation began construction of a motel on March The project was completed on April No new loans were required to fund construction. Hawkins does have the following two interestbearing liabilities that were outstanding throughout the construction period:
$ note
$ bonds
Construction expenditures incurred were as follows:
March $
June
November
February
The companys fiscal yearend is December
Required:
Calculate the amount of interest capitalized for and
Note: Round weighted average interest rate to decimal places and final answers to the nearest whole dollar.
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