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Indigo inc. is a book distributor that had been operating in its original facility since 1990. The increase in certification programs and cominuing education requirements

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Indigo inc. is a book distributor that had been operating in its original facility since 1990. The increase in certification programs and cominuing education requirements in several professions has contributed to an annual growth rate of 15\% for lndigo since 2015. Indigo' original facility became obsolete by early 2020 because of the increased sales volume and the fact that indigo now cacries CDs in addition to books. On dune 1. 2020. Indigo contracted with Black Construction to have a new building constructed for $4,640.000 on land ewned by Indiga. The payments made by Indigo to Black Construction are shown in the schedule below. Construction was completed and the building was ready for occupancy on May 27. 2021. Indigo had no new borrowings directly associated with the new building but had the following debt outstanding at May 31, 2021, the end of its fiscal year. 10k, 5. year note payable of $2.320.000, dated April 1. 2017, with interest payable annually on April 1. 12k. 10-year bond issute of $3,480.000 sold at par on June 30,2013 , with interest pyyable annually on June 30 . The new building qualifes tor interest capitalization. The effect of capitalizing the interest on the new building, compared with the effect of expensing the interest, is material. Compute the weighted-average accumulated expenditures on indigo's new building during the capitalization period. Weighted, Average Accumulated Expenditures eTextbook and Media Compute the avoidable interest on indigo's new buliling. (Round intermediate percentage calculation to 1 decimat place, e. g. 15.6% and final answer to 0 decimal places, e.J. 5.125.) Avoidable interest $ Some interest cost of Indigo Inc. is capitalized for the year ended May 31, 2021. Compute the amount of each items that must be. disclosed in Indigo's financial statements. Total actual interest cost $ Total interest capitalized $ Total interest expensed $

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