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On January 1, 2021, the Marilee Company began construction of an office building to be used as its corporate headquarters. The building was completed early

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On January 1, 2021, the Marilee Company began construction of an office building to be used as its corporate headquarters. The building was completed early in 2022 . Construction expenditures for 2021 , which were incurred evenly throughout the year, totaled \$7,500,000. Marjlee had the followinn dink.... lations which were outstanding during all of 2021: Required: Calculate the amount of interest capitalized in 2021 for the building using the specific interest method

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