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M WIUW LOL TU ZUELS 3. On October 1, 2021 XYLEX COMPANY started construction of its cryogenic facility. Expenditures during 2021 were as follows: October

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M WIUW LOL TU ZUELS 3. On October 1, 2021 XYLEX COMPANY started construction of its cryogenic facility. Expenditures during 2021 were as follows: October 1, 3,000,000; November 1, 1,200,000; December 1, P600,000. As of December 31, 2021 the facility was still under construction XYLEX COMPANY's outstanding borrowings as of December 31, 2021 are as follows: 9%, P1,800,000, 3-year term notes issued on July 1, 2020, interest annually 12%, P1,000,000, 2-year term bonds issued on October 1, 2020, interest annually 7.5% debentures, term 5 years, dated January 1, 2021, face amount P4,000,000, interests annually In 2022, XYLEX COMPANY incurred the following expenditures in relation to the construction of the facility: February 1, P750,000; June 30, P900,000; October 1, 1,200,000; December 1, P450,000 There were no changes in the general borrowings of XYLEX COMPANY except for a new borrowing made on July 1, 2022. The debt covenant amounted to P2,000,000 with a stated rate of 6% due on June 30, 2024. a. Capitalizable borrowing cost in 2021 b. Capitalizable borrowing cost in 2022

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