On January 1, 2024, the Mason Manufacturing Company began construction of a building to be used as its office headquarters. The building was completed on September 30, 2025. Expenditures on the project were as follows: January 1, 2024 March 1, 2024 $1,250,000 690,000 June 30, 2024 430,000 October 1, 2024 630,000 January 31, 2025 April 30, 2025 August 31, 2025 405,000 720,000 1,170,000 On January 1, 2024, the company obtained a $3 million construction loan with a 10% Interest rate. Assume the $3 million loan is not specifically tled to construction of the building. The loan was outstanding all of 2024 and 2025. The company's other Interest-bearing debt Included two long-term notes of $4,300,000 and $6,300,000 with Interest rates of 4% and 9%, respectively. Both notes were outstanding during all of 2024 and 2025. Interest Is pald annually on all debt. The company's fiscal year-end Is December 31. Required: Using the weighted-average Interest method, answer the following 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.