On January 1, 2018, the 668,880 650,000 On January 1, 2018, the company obtained a $3 million construction loa n with a 12% interest rate. The loan was outstanding all of 2018 of 6% and 8%, respectively Both notes were outstanding during all of 2018 and 2019. Interest is paid annualty on all debt. The 3. Calculate the amount of Interest expense that will appear in the 2018 and 2019 income statements. Req 2 Req2 > and 2019. The com of 6% and 8% respectively. Both notes were outstanding during all of 2018 and 201 company's fiscal year-end is December 31. company obtained a $3 million construction loan with a 12% interest rate. The loan was outstanding all pany's other interest-bearing debt included two long-term notes of $5.400.000 and $7.400,000 with intere Interest is paid annually on all debt. The Required 1. Calculate the amount of interest that Mason should capitalize in 2018 and 2019 using the weighted-average 3. Calculate the amount of interest expense that will appear in the 2018 and 2019 income statements. unt of interest that Mason should capitalize in 2018 and 2019 using the weighted-average method. Complete this question by entering your answers in the tabs belovw Req 1 and 3Req 2 What is the total cost of the building? (Do not round your intermediate calculations. Round your answer to the nearest whole dollar.) Req 1 and 3 Req 2