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lelp Tell me what you want to do s from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing 1 1 1 21 3 41 561 8 . On January 3, 2016, 6. I ' 7 . ' .8- ? ' 9 ,1-10-1-11 ,1-12 . I -13 . 1 .14. 1.15. 1.16. Mercury Company began self-constructing an asset that qualified for interest capitalization. On January 5, Mercury borrowed $300,000 on an 8% construction loan. In addition, Mercury had $400,000 of 6% notes payable and $600,000 of990 bonds payable outstanding. By December 31, expenditures (occurring evenly throughout the year) of $900,000 had been made on the asset. Investment of unused funds during the year yielded S1.200 of interest revenue. Required: Compute the amount of interest that should be capitalized during 2016