On January 1, 2024, the Mason Manufacturing Company began construction of a bullding to be used as its office headquarters. The building was completed on September 30,2025 . Expenditures on the project were as follows: On January 1. 2024, the company obtained a $3 million consuruction loan with a 11% interest rate. Assume the $3 million loan is not specifically tied to construction of the building. The loan was outstanding all of 2024 and 2025 . The company's other linterest-bearing debt included two long term notes of $5,700,000 and $7,700,000 with interest ratesfor 5% and 7%, respectively, Both notes were. outstanding during all of 2024 and 2025 . Interest is paid annually on all debt. The company's fiscal year-end is December 3t Required: Using the weighted-average interest method, aniswer the followng questions: 1. Calculate the amount of interest that Mason should capitalize in 2024 and 2025 using the weighted-average method 2. What is the total cost of the building? 3. Calculate the amount of interest expense that will appear in the 2024 and 2025 income statements