On January 1, 2021, Kendall Inc began construction of an automated cattle feeder system. The system was finished and ready for use on September 30, 2022 Expenditures on the project were as follows. January 1, 2021 September 1, 2021 December 31, 2021 March 31, 2022 September 30, 2022 $285,000 $402,000 $402,000 $402,000 $285,000 51 Kendall borrowed $784,000 on a construction loan at 11% interest on January 1, 2021. This loan was outstanding throughout the construction period. The company hod $4,670,000 in 8% bonds payable outstanding in 2021 and 2022 Interest (using the specific interest method) capitalized for 2021 was. Multiple Choice 570,090 552,090 Kendall borrowed $784,000 on a construction loan at 11% interest on January 1, 2021 This loan was outstanding throughout the construction period. The company had $4,670,000 in 8% bonds payable outstanding in 2021 and 2022 Interest (using the specific interest method) capitalized for 2021 was. Multiple Choice 570,090 552090 $46,090 558,090 Dram AM 35 NAVI