On June 1, 2020, the Crocus Company began construction of a new manufacturing plant. The plant was completed on October 31, 2021. Expenditures on the project were as follows ($ in millions): 68 36 July 1, 2020 October 1, 2020 February 1, 2021 April 1, 2021 September 1, 2021 October 1, 2021 44 28 27 13 On July 1, 2020. Crocus obtained a $84 million construction loan with a 8% interest rate. The loan was outstanding through the end of October, 2021. The company's only other interest-bearing debt was a long-term note for $100 million with an interest rate of 10%. This note was outstanding during all of 2020 and 2021. The company's fiscal year-end is December 31 What is the amount of interest that Crocus should capitalize in 2021, using the specific interest method? (Enter your answers to nearest whole dollar amount.) On June 30, 2021, Prego Equipment purchased a precision laser-guided steel punch that has an expected capacity of 320,000 units and no residual value. The cost of the machine was $384,000 and is to be depreciated using the units-of- production method. During the six months of 2021, 44,000 units of product were produced. At the beginning of 2022, engineers estimated that the machine can realistically be used to produce only another 250,000 units. During 2022, 90,000 units were produced. Prego would report depreciation in 2021 of: Multiple Choice $8,768. $10,560. $52,800 $43,840