Part A (9 pts)-Interest Capitalization Wilma Wildcat constructed a new office building to be used in operations. Construction began on January 1, 2018 and was completed on December 31, 2018. Payments for construction were as follows: 2/1/2018 5/31/2018 10/31/2018 $450,000 300,000 300,000 On 1/1/2018, Wilma borrowed $500,000 at 5% on a 10 year loan specifically to finance construction of the building. Wilma has other debt outstanding as well including a $400,000, 8%, 5 year bond payable and a $600,000, 6% note payable. All debts were outstanding throughout 2018. Required: Calculate the amount of interest that Wilma Wild cat should capitalize in 2018. 1