PART A: Self-Constructed Asset On June 1, 2018, Tiger Manufacturing began construction on a new factory to be used in its operations. During 2018, the following expenditures were made toward completion of the $5 million project: May 1 June 1 July 31 Nov. 30 Total $750,000 350,000 250,000 150,000 $1,500,000 Tiger had the following debt outstanding in 2018. Interest on each debt instrument is payable annually. On May 1, 2017, Tiger issued $660,000 of 1.5% specific construction notes for the project On February 28, 2018, Tiger issued $800,000 of 0.25% general notes due March 1, 2023 On February 28, 2018, Tiger issued $1,200,000 of 1.25% bonds due March 1, 2025 1. Calculate the amount of interest to be capitalized by Tiger during 2018. 2. Prepare Tiger's journal entry to record the payment of interest on May 1st. 3. Prepare Tiger's journal entry to record the accrual of interest on December 31st