On January 12024 , the Mason Manufactiring Company began construction of a bultding to be used as its otfice headquarters Tha building was completed on September 30,2025 Expenditures on the project were as follows On Jantary 1, 2024, the company obtained a $3.500,000 construction loan with a 120 interest rate. The loan was outatanding alf of 2024 and 2025 . The company/s other interest-bearing debt included fwo long-term notes of $3,000.000 and 57,000.000 with interest rates of 8% and 10%, 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: 1. Calculate the amount of interest that Mason should capitalize in 2024 and 2025 using the 5pecific interest method. 2. What is the total cost of the buiding? 3. Caiculate the amourt of interest expense that will appear in the 2024 and 2025 income statements. Complete this question by entering your answers in the tabs below. 1. Calculate the amount of interest that Mason should capitalize in 2024 and 2025 using the specific interest method. 3. Calculate the amount of interest expense that will appear in the 2024 and 2025 income statements. Note: Enter your answers in whole dollars and not in millions. Do not round intermediate alculations. 1. Caiculare the amourt of interent that Mason shouid capitalize in 2024 and 2025 using the specific imterest metiod 2. What it the total cost or the butiding? 3. Calculate the amount of interest expense that witt appear in the 2024 and 2025 income staterments 1. Calculate the amount of interest that Mason should capitalize in 2024 and 2025 using the specilic interest method. 3. Calculate the amount of interest expense that will appear in the 2024 and 2025 income statminents. your answers in whole dollars and not in millions. Do not round intermediate 1. Calculate the amount of interest that Mason should capitalize in 2024 and 2025 using the specific interest method. 2. What is the total cost of the buflding? 3. Calkulate the amount of interest expense that will appear in the 2024 and 2025 income statements Complete this question by entering your answers in the tabs below. Whit is the total cost of the building? Enter your answers in whole dollars and not in millions. Do not round intermediate viculations