Question 1 Patnck Industries began construction of a warehouse on July 1, 2023. The project was completed on May 31, 2024. Patrick took out a $1,000,000 note at interest of 6% to help finance the manciniction. Patrick also has the following other debt outstanding throughout the construction: Construction expenditures incurred were as follows: The company's fiscal year-end is December 31 and it uses the specific interest method. Required a. Calculate the amount of interest capitalized for 2023 and 2024 . b. Calculate the interest expense to be reported on the income statement for 2023 and 2024. c. Calculate the cost of the new warehouse