Landshark Corp. uses GAAP for financial reporting. The company borrows $130 million from a local bank to finance the construction of a manufacturing plant. The annual interest rate is 9.5%, the term is 3 years, and the company pays only the interest expense during the two-year construction period. However, the company earns $5 million by temporarily investing the loan proceeds. What is the amount of capitalized interest that will be reported on Landshark's balance sheet? O a $24,700,000 O b. $19,700,000 O c. $16,025,000 O d. $12,350,000