On January $2,2023,$ McDuffie Manufacturing began construction on a new plant for its

own use. It was completed in $2024.$ On January $2,2023,$ the firm obtained a

$$1,500,000$ loan at $8\%$ to help finance the project. The company also had the following

debt outstanding for all of $2023$: $$3,000,000,8\%$ bonds; $$5,000,000,12\%$ long$-$term

note. During $2023,$ the following expenditures were incurred for construction:

a$.$ What account and amount would appear on a $2023$ income statement?