J pour Save Answer On January 1, 2021 Kendall Inc began construction of an automated cattle feeder system. The system was finished and ready for use on September 30, 2022 Expenditures on the project were as follows: January 1, 2021 270.000 September 1, 2021 384 000 December 31, 2021 384 000 March 31 2022 334000 September 30, 2022 270.000 Kendall borrowed $778,000 on a construction loan at 8% Interest on January 1, 2021 This loan was outstanding throughout the construction period The company had $4640 000 in 8% bonds payable outstanding in 2021 and 2022 Interest capitalized for 2021 was 531 840 $55 340 $37 840 $13.840