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On December 31,2024 , Kingbird Inc, borrowed $1,080,000 at 13% payable annually to finance the construction of a new bulldine in 2025, the company made

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On December 31,2024 , Kingbird Inc, borrowed $1,080,000 at 13% payable annually to finance the construction of a new bulldine in 2025, the company made the following expenditures related to this buildine June 1. $432,000, July 1, $648,000; September 1 . 51.296,000; December 1, S648,000. The building was completed in April 2026. Additional information is provided as follows

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