Mozely company borrowed $400,000 on a 10 percent note payable to finance a new warehouse Mosely is constructing for its own use. The only other debt on Mozelys books is a $600,000 , 12 percent mortgage payable on an office building. At the end of the current year, average accumulated expenditures on the new warehouse totaled $475,000. Mozely should capitalize interest for the current year in the amount of A) 40,000 B)47,500 C)49,000 D) 52,250