On January 1, 2021 Wilson Corporation started the construction of a factory and it was finished on March 31, of 2022. Expenditures were:

January 1, 2021 - $550,000, May 1, 2021 - $300,000, June 30, 2021 - $600,000, November 1, 2021 - $700,000

Total expenditures before interest capitalization were 2,150,000.

In 2022:

January 31, 2022 - $150,000, March 31, 2022 (final payment) - $400,000

Total expenditures in 2022 before interest capitalization was $550,000.

On January 1, 2021 the company got a $1,000,000 construction loan with an 5% interest rate. Wilson Corps only other debt outstanding was a $5,000,000 bond issue which had an interest rate of 9%. Both debts were outstanding for the entire construction period.

1. What is the amount of interest to be capitalized in 2021 using the specific interest method?

1a. What is the amount of interest capitalized in 2022 using the specific interest method?

1b. What is final cost of the factory?

1c. What is the amount of interest that would be not capitalized in 2022?