I am having trouble with what is being asked of in the week 4 document. Mainly the first bullet, using specific interest method.

Name San Antonio Outfitters Land Account 12/31/XXXX Totals Name General Journal GENERAL JOURNAL Date Account Titles and Explanation P. R. Debit Credit Name General Ledger GENERAL LEDGER Date Explanation DEBIT ACCOUNT NO. ____ CREDIT BALANCE Date Accounts Receivable Explanation P.R. DEBIT ACCOUNT NO. ____ CREDIT BALANCE Date Explanation Prepaid Insurance P.R. DEBIT ACCOUNT NO. ____ CREDIT BALANCE Explanation Office Equipment P.R. DEBIT ACCOUNT NO. ____ CREDIT BALANCE Accum Depreciation, Office Equipment Explanation P.R. DEBIT ACCOUNT NO. ____ CREDIT BALANCE Date Date Date Explanation Cash P.R. Inventory P.R. DEBIT ACCOUNT NO. ____ CREDIT BALANCE Name Worksheet San Antonio Outfitters Work Sheet For Month Ended December 31, 2013 Account Titles Unadjusted Trial Balance Dr. Cr. Adjustments Dr. Cr. Adjusted Trial Balance Dr. Cr. Income Statement Dr. Cr. Balance Sheet & Statement of Owner's Equity Dr. Cr. Name Income Statement San Antonio Outfitters Income Statement For Year Ended December 31, XXXX San Antonio Outfitters Statement of Changes in Owner's Equity For Year Ended December 31, XXXX San Antonio Outfitters Balance Sheet December 31, XXXX Name Post Closing Trial Balance San Antonio Outfitters Post-Closing Trial Balance 12/31/XXXX Debit Totals Credit Early in its fiscal year ending December 31, 2013, San Antonio Outfitters finalized plans to expand operations. The first stage was completed on April 25th with the purchase of a tract of land on the outskirts of the city. The land and existing building were purchased for $800,000. San Antonio paid $200,000 and signed a noninterest-bearing note requiring the company to pay the remaining $600,000 on March 28, 2015. An interest rate of 8% properly reflects the time value of money for this type of loan agreement. Title search, insurance, and other closing costs totaling $20,000 were paid at closing. Below is the trial balance for San Antonio Outfitters as of March 31. SAN ANTONIO OUTFITTERS Trial Balance March 31, 20XX Debit Cash .......................................................................................... $3,394,380 Accounts receivable ............................................................... 2,129,500 Prepaid insurance ................................................................... 42,300 Office equipment .................................................................... Credit 119,300 Accumulated Depreciation, Office Equipment .................. $11,750 Inventory ................................................................................. 2,104,000 Building ................................................................................... 100,000 Land.......................................................................................... 720,000 Accounts payable ................................................................... $ 104,410 Notes payable.......................................................................... 600,000 San Antonio, Capital .............................................................. 2,541,700 San Antonio, Withdrawals .................................................... 10,450 Revenue ................................................................................... 6,144,100 Wages expense ........................................................................ 654,500 Depreciation Expense, Office Equipment ........................... 4,250 Equipment rental expense ..................................................... 71,410 Office Supplies Expense ........................................................ 7,500 Advertising expense............................................................... 32,400 Repairs expense ...................................................................... 11,970 Totals ........................................................................................ $9,401,860 $9,401,860 During April, the old building was demolished at a cost of $70,000, and an additional $50,000 was paid to clear and grade the land. Construction of a new building began on May 1 and was completed on October 29. Construction expenditures were as follows: San Antonio borrowed $3,000,000 at 8% on May 25 to help finance construction. This loan, plus interest, will be paid in 2014. In November, the company purchased 10 identical pieces of equipment and office furniture and fixtures for a lump-sum price of $600,000 on account. The fair values of the equipment and the furniture and fixtures were $455,000 and $145,000, respectively. In December, San Antonio paid a contractor $285,000 for the construction of parking lots and for landscaping. Create a schedule that outlines the total spend for San Antonio on the construction expenses. Develop a schedule that shows initial values of the various assets that San Antonio acquired or constructed during 2013. The company uses the specific interest method to determine the amount of interest capitalized on the building construction. Develop a schedule that shows the total interest expense that San Antonio will need to show for 2013 as it relates to construction of the new facility