PLEASE SHOW YOUR LABELLED WORK

The following information is for a long-term construction project for Moses Company that is finished on December 31, 2022. + Capital expenditures during 2022: Date Actual Expenditures January 1, 2022 $2,220,720 March 1, 2022 300,000 June 30, 2022 500,000 December 31, 2022 500,000 Outstanding debt in 2022: Debt Issuance Date Construction loan January 1, 2022 Note payable January 1, 2022 Note payable March 1, 2020 Bonds payable January 1, 2015 Note payable June 30, 2021 Debt Amount $ 800,000 150,000 600,000 1,000,000 600,000 Interest Rate 12% 10% 8% 13% 12% 4a. What are the criteria for this project to be a qualifying asset