I put beside my own work, to see if I am correct or were I went wrong.

Capitalized Interest Review Problem On January 1, 2018, the Gilligan Company began construction on a new manufacturing facility for its own use. The building was completed in early 2019. Throughout 2018, the company had annual interest rates of 6% and sol, respectively. Construction expenditures incurred during 2018 were as follows: Date January 1 March 1 July 31 September 30 December 1 Amount $500,000 600,000 480,000 600,000 400,000 Required: 1. Calculate the amount of interest that Gilligan will capitalize related to the construction (notice that there is no construction-specific debt in this problem). o Ilopitilized into review] 183-101 Dated Esteret} Zeus i 500,000 (x) (12/12) i 500,000 311 600,000 kw (9/12) 450,000 17/31 48,000 X (61121 i. 210,000 9/30 600,000 (X) (3/12) I 50,000 100,000 (4) (0/12) $ 2,580,000 $ 1,340,000 {weighted Avg} 4,000,000 (X) 206 6 24 00 000 6,000,000 (X) 08 E) 980,000 o $ 10,000,000 $ 720,000 120,000/10,000,000 (2) .072% Artint rate 1,340,000(X).072 **96,480 Capatiral int, 0