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Johnson Company began construction of a warehouse on July 1 2021 The project was completed on March 31, 2022. No new loans were required to

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Johnson Company began construction of a warehouse on July 1 2021 The project was completed on March 31, 2022. No new loans were required to fund construction Johnson Company does have the following two interest-bearing abilities that were outstanding throughout the construction period 54,600,00, 12% note 56,000,000, 7% bonds Construction expenditures incurred were as follows: July 1, 2021 September 30, 2021 November 30, 2021 January 30, 2022 $ 520,000 780, 780,000 720,000 Johnson Company's fiscal year-end Is December 31 Required: Calculate the amount of interest capitalized for Johnson Company in 2021 and 2022 Complete this question by entering your answers in the tabs below. 2021 2022 Calculate the amount of Interest capitalized for 2021. (Do not round the intermediate calculations. Round your percentage answers to 1 decimal place (1.0.0.123 should be entered as 12.3%).) verage Expendare Weight * Date July 1, 2021 September 30, 2021 November 30, 2021 Accumulated expenditures Ro Capitated Biler Ant X Average accumulated expenditures 2022 )

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