On January 1, 2024, a company began construction of an automated cattle feeder system. The system was finished and ready for use on September 30,2025. Expenditures on the pioject were as follows: The company borrowed $764,000 on a construction loan at 78 interest on January 1, 2024. This loan was outstanding throughout the constiuction perlod. The company had $4.570.000 in 7% bonds payable outstanding in 2024 and 2025. Interest (using the specificinterest method) capitalized for 2024 was: Muttople Choice 524,430 48,400