On December 31, 2011, Hurston Inc. borrowed $3,000,000 at 12% payable annually to finance the construction of a new building. In 2012, the company made the following expenditures related to this building: March 1, $360,000; June 1, $600,000; July 1, $1,500,000; December 1, $1,200,000. Additional information is provided as follows. 1. Other debt outstanding 10-year, 11% bond, December 31, 2005, interest payable annually $4,000,000 6-year, 10% note, dated December 31, 2009, interest payable annually $1,600,000 2. March 1, 2012, expenditure included land costs of $150,000 3. Interest revenue earned in 2012 $49,000 (a) Determine the amount of interest to be capitalized in 2012 in relation to the construction of the building. (Note: Do not round the computation for the capitalization period.) Answer= $180000 (b) Prepare the journal entry to record the capitalization of interest and the recognition of interest expense, if any, at December 31, 2012. (List multiple debit/credit entries from largest to smallest amount, e.g. 10, 5, 2.) Answer= Interest expense ??? Building 180000 Cash ??? I need help filling in the values for interest expense and cash for part (b) Please help