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Kobe Company began constructing a building for its own use in February 201. During 201, Kobe incurred interest of $70,000 on specific construction debt and

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Kobe Company began constructing a building for its own use in February 201. During 201, Kobe incurred interest of $70,000 on specific construction debt and $15.000 on other borrowings interest computed on the weighted-average amount of accurnulated expenditures for the building during 201 was $60,000 Required: 1a. What amount of interest should Kobe capitalize? 16. Prepare the journal entry to record payment of the interest. 2 If interest computed on the weighted-average amount of accumulated expenditures for the bulling duning 20X1 was instead \$90,000, what amount of interest should Kobe capitalize? Complete this question by entering your answers in the tabs below. What amount of interest should Kobe capitalize

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