In 2018, XYZ, Inc. began construction of an automated warehouse retrieval system for its owrn use. Based on your review of XYZ's records, you have identified the following relevant information about this project. . Project expenditures: o o o $200,000 spent on 1/1/18 $300,000 spent on 9/1/18 $300,000 spent on 12/31/18 System finished and ready for use on 12/31/18 Actual debt outstanding: $750,000 borrowed on 1/1/18 as a construction loan; 12% interest rate on this loan; principal and accrued interest are due and payable on 1/1/1.9 $450,000 bonds payable, issued at par in 2017; 9% interest rate on this loan; interest is payable annually on 12/31 each year o o a) Calculate the interest costs that XYZ needs to capitalize for this project. Show all of your analysis details. Assume that Kendall applies the specific-interest approach (starts with the specific construction loan). b) If XYZ's $750,000 loan (borrowed on 1/1/18) was NOT a construction loan associated with this project, what amount would Kendall have been required to capitalize as interest cost for this project? Show the details of your analysis