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 project were as follows: The company borrowed $752.000 on a construction loan at 7% interest on January 1.2024. This loan was outstanding throughout the construction perioc The company had $4,510,000 in 7% bonds payable outstanding in 2024 and 2025. Interest (using the specific interest method) capitalized for 2024 was: Muliple Choice $45,490 $33,490 $21,490 $27.490