On January 1, 20 headquarters. The building was completed on September 30, 2019. 18, the Mason Manufacturing Company began construction of a building to be used as its office Expenditures on the project were as follows: January 1, 2018 March 1, 2018 June 30, 2018 October 1, 2018 January 31, 2019 April 30, 2019 August 31, 2019 $1,050,000 630,000 710,000 610,000 315,000 630,000 990,000 n January 1, 2018, the company obtained a $3 million construction loan with a 12% interest rate. The loan was outstanding all of 2018 and 2019. The company's other interest-bearing debt included two long-term notes of $4100,000 and $6100,000 with interest rates of 5% and 7%, respectively. Both notes were outstanding during all of 2018 and 2019. Interest is paid annually on all debt. The company's fiscal year-end is December 31. Required: 1. Calculate the amount of interest that Mason should capitalize in 2018 and 2019 using the weighted-average method. 2. What is the total cost of the building? 3. Calcula te the amount of interest expense that will appear in the 2018 and 2019 income statements. Req 1 and 3 Req 2 Calculate the amount of interest that Mason should capitalize in 2018 and 2019 using the weighted-average method and interest expense that wll appear in the 2018 and 2019 income statements. (De not round your intermediate ok nt nces 2018 2019 Interest capitalized Interest expense ering your answers in the tabs beloW. Req 1 and 3Req 2 What is the total cost of the building? (Do not round your intermediate calculations. Round your answer to the dollar.) Total cost of building