Pfeifer Construction completed the building, ready for occupancy, on December 31, 2017. Shalla had the following debt outstanding at December 31, 2017 Specific Construction Debt 1. 15%, 3-year note to finance purchase of land and construction of the building, dated December 31, 2016, with interest payable annually on December 31 $850,000 Other Debt 2. 5%, 5-year note payable, dated December 31, 2013, with interest payable annually on December 31 $550,000 3.6%, 10-year bonds issued December 31, 2012, with interest payable annually on December 31 $600,000 a, Compute the actual interest cost