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On January 1, 2020 Suzanne Company began construction of a new warehouse. The building was finished and ready for use on December 31, 2020. Suzanne

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On January 1, 2020 Suzanne Company began construction of a new warehouse. The building was finished and ready for use on December 31, 2020. Suzanne spent $4,650,000 on the building. These expenditures were made evenly throughout the year (the weighted average accumulated expenditures (WAAE) are $2.325,000). Suzanne's only outstanding interest-bearing debt throughout 2020 was a $5,000,000 note payable. The interest rate on this debt was 6%. What amount of interest expense should be reported on Suzanne's income statement in 2020? a $300,000 6.5160500 t. $139500 0 $21.000 O $279.000

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