I need help with 2 and 3.

The equipment that has a cost of $125,000 and an accumulated depreciation of $70,000 was 2. traded in for Machinery that has a fair market value of $114,000. The fair market value of the old equipment was set at $132,000. The appraisal value of the old machine is $80,000 while the appraisal value of the new machine is $120,000. The transaction does not have commercial substance. Make necessary entries for the trade in of the asset. Early in 2012, Dobbs Corporation engaged Kiner, Inc. to design and construct a complete modernization of Dobbs's manufacturing facility. Construction was begun on Jan 1, 2012 and was completed on December 31, 2012. Dobbs made the following payments to Kiner, Inc. during 2012: Payment $2,800,000 4,200,000 6,000,000 2,000,000 3. Date Jan 1, 2012 July 1, 2012 October 31, 2012 December 31, 2012 In order to help finance the construction, Dobbs issued the following on Jan 1, 2012: $3,000,000 of 10- year, 8% bonds payable, with interest payable annually on Dec. 31. Information about other loans are as follows: a. On March 1, 2012, issued 2,000,000 12% 10-year note payable. b. Issued $1,000,000, 14% note payable dated January 1, 2008 and due January 1, 2018, with interest ( payable annually on January 1. c. Issued $600,000 6% Long term note payable on April 1, 2012. Instructions Compute the amounts of each of the following (show computations): 1. Weighted-average accumulated expenditures qualifying for capitalization of interest cost. 2. Avoidable interest incurred during 2012. 3. Total amount of interest cost to be capitalized during 2012. 4. Total amount of interest to be expensed during 2012. 5. Make necessary journal entries for the capitalization of interest and for the recognition of interest to be expensed during 2012 and assume and all the interests were paid. beiupeR