Hel On January 1, 2021, Kandall Inc. Degen construction of an automated cattle feeder system. The system was finehed and ready for use on September 30, 2022. Expendnres on the project we January 1, 2021 Reptember 1, 2021 $225,000 $330,000 December 31, 2021 March 31, 2022 September 30, 2022 $330,000 $330,000 $225,000 Kendall borrowed $760,000 on a construction loan at tt% interest on January 1, 2021. This loan was outstanding throughout the construction period. The company had $4,550.000 % bonds payable outstanding in 2021 and 2022 Interest (using the specific interest method) capitalized for 2021 was Muple Choice $48,050 $36,050 $42,850 $60.850.