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Matrix Inc. borrowed $1,000,000 at 8% to finance the construction of a new building for its own use. Construction began on January 1 , 2019,

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Matrix Inc. borrowed $1,000,000 at 8% to finance the construction of a new building for its own use. Construction began on January 1 , 2019, and was completed on October 31, 2019. Expenditures related to this building were: includes cost of purchasing land of $150,000) In addition, Matrix had additional debt (unrelated to the construction) of $500,000 at 9% and $800,000 at 10%. All debt was outstanding for the entire year. Required: 1. Compute the amount of interest capitalized related to the construction of the building. $ 2. If the expenditures are assumed to have been incurred evenly throughout the year: Compute weighted average accumulated expenditures $ Compute the amount of interest capitalized on the building $

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