Interest During Eonstruction Alka Compiany is constructing a productoon complex that qualines for interest captaltation. The following infarmatinen is available. - Capitalization penod: January 1, 2019, fo lune 10,2020 - Expenditares on project 2019: - Nmounts bortowed and butstanding: 3t.7 milikon bacrowed at 1246 , specifically for the project 37 milion borrowed on luly 1,2018 , at 14% 512 mailion borrowed on January 1,2017, at a\%. Required: Note: Hound all final numeric answers to two decinsal places. 1. Compute the amount of interest costs capitalized each yeat, Capitalized interest. 2019 Capitalized interest, 2020 Since GAAP requites accrual accounting. if a company capitalies interest during the construction period it will repart