Interest During Construction Matrix Inc. borrowed $1,000,000 to finance the construction of a new building for its own use. Construction began on January 1, 2019, and was completed on October 31, 2019. Expenditures related to this building were: January 1 $258,000 (includes cost of purchasing land of $150,000) May 1 320,000 July 1 450,000 October 31 280,000 In addition, Matrix had additional debt (unrelated to the construction of $500,000 at 9 and 800.000 at 10 Aldebt was outstanding for the entire year Required: 1. Compute the amount of interest capitalized related to the construction of the building $ 420,000 X 2. If the expenditures are assumed to have been incurred evenly throughout the year: Compute weighted average accumulated expenditures Compute the amount of interest capitalized on the building