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On January 1 , 2 0 2 5 , Bruen Company began construction of a state - of - the - art training facility. The

On January 1,2025, Bruen Company began construction of a state-of-the-art training facility. The facility was finished and ready for use on November 30,2026. Expenditures on the project were as follows:January 1,2025$300,000August 1,2025 $600,000December 31,2025$750,000May 1,2026$750,000November 302026$350.000On January 1,2025, Bruen borrowed $700,000 on a construction loan specific to this project at 4% interest. This loan was outstanding throughout the construction period.Bruen also had $7,000,000 in 5% bonds payable outstanding in 2025 and 2026.Calculate the following for both 2025 and 2026 using the specific interest method

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