Question 2 of 20 - / 0.4 III View Policies Current Attempt in Progress On March 1, 2020, Bonita Industries purchased land for an office site by paying $2600000 cash. Bonita began construction on the office building on March 1. The following expenditures were incurred for construction: Expenditures $1720000 Date March 1, 2020 April 1, 2020 May 1, 2020 2500000 4590000 June 1, 2020 4780000 The office was completed and ready for occupancy on July 1. To help pay for construction, and purchase of land $3610000 was borrowed on March 1, 2020 on a 9%, 3-year note payable. Other than the construction note, the only debt outstanding during 2020 was a $1400000, 12%, 6-year note payable dated January 1, 2020. The actual interest cost incurred during 2020 was $246450. $438750. O $492900. O $410750