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Martinez Company is constructing a building Construction began on February 1 and was complieted on December 31. Expenditures were $1,824,000 on March 1 , $1,224,000

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Martinez Company is constructing a building Construction began on February 1 and was complieted on December 31. Expenditures were $1,824,000 on March 1 , $1,224,000 on June 1, and $3,015,000 on Hartner Company borrowed ",051.700 on March 1 on a 5-year, 12% note to help finance construction of the balding. In addition, the company had outstanding au year 10% interest for Martnez Company. Use the weighted-average interest rate for interest capitalization purposes. (Round answer to 0 decimal places, e.g. 5,275)

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