Hawkins Corporation began construction of a motel on March 31, 2021. The project was completed on April 30, 2022. 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, 2021 $3,820,000 June 30, 2021 5,820,000 November 30, 2021 1,764,000 February 28, 2022 2,820,000 The company's fiscal year-end is December 31. Required: Complete Parts 1-5 to calculate the amount of interest capitalized for 2021 and 2022. (Round weighted average interest rate to 2 decimal places and final answers to the nearest whole dollar.) Problem Calculate the interest capitalized in 2022 Part 1 Part 2 Part 3 Part 4 Part 5 Requirement Calculate the average accumulated expenditures in 2021. Use the dropdown menu for fraction. 1 A Date B Expenditure x Fraction Amount 2 3 4 5 6 Average Accumulated Expenditures for 2021