Mocl Co. began construction of a small building. The lowing expenditures were incurred for construction: fol $ 148,000 540,000 March 1 May 1 July 1 s 150,000 April 1 360,000 June 1 200,000 The building was completed and occupied on July 1. To help construction $100,000 was borrowed on March 1 on payable. $1,000,000, 10% note issued two years ago. pay fo a 128, three-year note The only other debt outstanding during the year was a Instructions Calculate the weighted-average accumulated expenditures Ole Inc. began constructing a building for its own use in January 2015. During 2015 Ole incurred interest of$72,000 on specific construction debt, and $28,800 on other borrowings. Interest computed on the weighted average during 2015 was $57,600. What is the amount of interest cost that ole should capitalize? amount of accumulated expenditures for the building