QUESTION 1 AB began constructing a building on September 1. and completed it on December 31, Y1. Construction costs totaled $409,000. At the beginning of the construction period. ABC paid $105,000 to start the construction. Additionally, on September 1 y 1 a one-year loan at 10% for S180,000 was obtained and immediately spent on the project. The additional costs of the project were paid in equal installments at the end of each month with the first installment being pad September 30, Y1 and the last installment being made on December 31, 1 The only other debt of the co pany was a 8% log term note-payable of $20,000. What are the weighted average accumulated expenditures on the building for Y1 How much interest should be capitalized for this building in Y17 What should be in the building account on the December 31, Y1 balance sheet? How much interest expense should have been included on the income statement as of December 31, Y1