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On January 1, 2013, the Mason Manufacturing Company began construction of a building to be used as its office headquarters. The building was completed on
On January 1, 2013, the Mason Manufacturing Company began construction of a building to be used as its office headquarters. The building was completed on September 30, 2014. Expenditures on the project were as follows:
| January 1, 2013 | $ | 1,330,000 | |
| March 1, 2013 | 780,000 | ||
| June 30, 2013 | 230,000 | ||
| October 1, 2013 | 660,000 | ||
| January 31, 2014 | 540,000 | ||
| April 30, 2014 | 855,000 | ||
| August 31, 2014 | 1,440,000 | ||
| On January 1, 2013, the company obtained a $3 million construction loan with a 12% interest rate. The loan was outstanding all of 2013 and 2014. The company |
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