On July 31, 201/, Sage Company engaged Minsk locling Company to construct a special-purpose piece of factory machinery. Construction was begun immediataly and was completed on November L, 2017. To help finance construction, on July 31 sage issued a $283,200, 3-year, 12% note payable at Netherlands National ank, on which interest is payable each July 31. $175,200 ofthe proceeds of the note was paid to Minsk on Juy 31. The remainder of the procceds was temporarily invested in short term marketable securities (trading securities) at 10% until Novcmbor 1, On November 1, Sage made a finel $108,000 payment to Minsk. Ocher than the note to Netherlands, Sage's only outstanding liability at December 31, 2017, is a 30, 200, 8%, 6-year note payable, dated January 1, 2014, on which interest is payable each December 31. To record the preceeds from the investment.) Calculate the interest revenue, weighted-average accumulated expend tures, aveidable interest, and total interest cost to be cap talized during 2017 To record the payment to Minsk.) 12 31 Tntert reveriue Weighted-avera Avoidable interest Interest capitalized TNK TO TEXT Prepare the journal entries needed on the books of Sage Company at each of the following dates, (Credit account titles arc automatically indented when amount is cntcred. Do not indcnt manually. If no cntry is rcquircd, sclcct "No Entry" for thc account titlcs and cnter 0 for the amounts.) (1) July 31, 2017 (2) November 1, 2017 (3) Dcocmber 31, 2017 Date Account litles and Explanation Debit Credit Ta recod the nole.) (To record the payment to Minsk.)