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On January 1, 2021, the company obtained a $3 million loan w 2022. Expenditures on the project were as follows: January 1, 2021 March 1,

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On January 1, 2021, the company obtained a $3 million loan w 2022. Expenditures on the project were as follows: January 1, 2021 March 1, 2021 June 30, 2021 October 1, 2021 January 31, 2022 April 30, 2022 August 31, 2022 $1,200,000 660,000 520,000 620,000 360,000 675,000 1,080,000 On January 1, 2021, the company obtained a $3 million constru pecifically tied to construction of the building. The loan was o ebt included two long-term notes of $4,200,000 and $6,200. utstanding during all of 2021 and 2022. Interest is paid annua equired: Calculate the amount of interest that Mason should capitalize What is the total cost of the building? Calculate the amount of interest expense that will appear in Complete this question by entering your answers in the t eq 1 and 3 Req 2 Tculate the amount of interest that Mason should capitalize in a erest expense that will appear in the 2021 and 2022 income st Eimal places but do not round other intermediate calculations

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