On June 1, 20Y1, Cricket Company began construction of a new factory. The factory was completed on October 31, 20Y2. Expenditures on the project were as follows: July 1, 2011 October 1, 2011 February 1, 20Y2 April 1, 20Y2 September 1, 20Y2 October 1, 2012 $54,000 $22,000 $30,000 $21,000 $20,000 $6,000 On July 1, 20Y1, Cricket obtained a $700,000 construction loan with a 6% interest rate. The loan was outstanding through the end of October, 20Y2. The company's only other interest-bearing debt was a long-term note for $100,000 with an interest rate of 8%. This note was outstanding during all of 2071 and 2072. The company's fiscal year-end is December 31. What is the amount of interest that Cricket should capitalize in 2011, using the specific interest method? a. None of the above b. $1,950 c. $2,960 d. $1,900 WS