$($JUST NEED HELP WITH CALCULATIONS$)$Sea Queen Manufacturing $($Sea Queen$)$ operates two divisions: shipbuilding and marine parts.In the shipbuilding division, three ships were in process during $20$X$5($see the table below$).$Operations were continuous during $20$X$5$ with the exception of a strike which lasted for the entire month of June. Debits to Construction$-$in$-$Progress $($CIP$)$ were as follows:Requirements:Both Sea Queen and Dock$2$Dock elect to capitalize as much interest as is allowed and appropriate. Determine the total interest incurred by each company in $20$X$5.$For each company, determine which assets, if any, qualify for capitalization of interest.For each qualifying asset, determine the amount of interest to be capitalized in$20$X$5.$Determine the amount of interest to be expensed for each company in $20$X$5.$Record all journal entries for $20$X$5.$Show and explain all calculations for each journal entry.