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On January 2,206. Highlands Company began construction on a new manufacturing facility for its own use. The building was completed in 207. The company borrowed

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On January 2,206. Highlands Company began construction on a new manufacturing facility for its own use. The building was completed in 207. The company borrowed $1,500,000 at 8% on January 2 to help finance the construction. In addition to the construction loan, Highlands had addition to the construction loan, Highlands had the following Debt outstanding throughout 206. Construction expenditures during 206 Calculate the amount of interest to be capitalized in 206. SHOW YOUR CALCULATIONS

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