PROBLEM 4 Molave Company had the following outstanding loans during 2019 and 2020. Specific construction loan 3,000,000 10% General loan 25,000,000 12% The entity began the self-construction of a new building on January 1, 2019 and the building was completed on June 30, 2020. The following expenditures were made: January 1, 2019 4,000,000 April 1, 2019 5,000,000 December 1, 2019 3,000,000 March 1, 2020 6,000,000 Required: 1. Provide the relevant entries in 2019 and 2020. 2. Determine the capitalizable borrowing costs in 2019 and 2020. 3. Compute the interest expense in 2019 and 2020. 4. Determine the carrying amount of the building as of a. December 31, 2019. b. June 30, 2020