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Hawkins Corporation began construction of a motel on March 31, 2018. The project was completed on April 30, 2019. No new loans were required to
Hawkins Corporation began construction of a motel on March 31, 2018. The project was completed on April 30, 2019. No new loans were required to fund construction. Hawkins does have the following two interest-bearing liabilities that were outstanding throughout the construction period: $5,200,000, 6% note $13,680,000, 10% bonds Construction expenditures incurred were as follows March 31, 2018 June 30, 2018 November 30, 2018 February 28, 2019 $3,820,e00 5, 820,00e 1,764,00e 2,820,00e The company's fiscal year-end is December 31. Required Calculate the amount of interest capitalized for 2018 and 2019. (Round weighted average interest rate to 2 decimal places and final answers to the nearest whole dollar)
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