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On January 2, 2020, Waterway Industries began construction of a new citrus processing plant. The automated plant was finished and ready for use on September
On January 2, 2020, Waterway Industries began construction of a new citrus processing plant. The automated plant was finished and ready for use on September 30, 2021. Expenditures for the construction were as follows: $ 602000 1812000 January 2, 2020 September 1, 2020 December 31, 2020 March 31, 2021 September 30, 2021 1812000 1812000 1201000 Waterway Industries borrowed $3300000 on a construction loan at 12% interest on January 2, 2020. This loan was outstanding during the construction period. The company also had $12960000 in 9% bonds outstanding in 2020 and 2021. The interest capitalized for 2020 was: O $144720 $507120 $108540 O $289680
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