Question 1: Warner Company hired a contractor to design and construct a new headquarters facility in Larchmont, New York. Construction was begun on 4/1/22 and was completed on 12/31/22. Warner made the following payments on the contract during 2021 : In order to help finance the construction, Warner issued the following during 2022: a) $2,000,000 of 10-year, 6% bonds payable, issued at par on 3/1/22, with interest payable annually on 3/1. b) 1,000,000 shares of no-par common stock, issued at $23 per share on 7/1/22. In addition to the 6% bonds payable, the only debt outstanding during 2022 was a $3,000,000,5% note payable dated 1/1/15 and due 1/1/25, with interest payable annually on 1/1 of each year. Compute the weighted-average accumulated expenditures qualifying for capitalization of interest cost, the avoidable interest incurred during 2022 , and the total amount of interest cost to be capitalized during 2022. Prepare the journal entry to capitalize the interest