Question 4 On Jan, 2012, Donner Company began construction on an office building. The following expenditures were incurred for construction: Date Expenditures 3/1/12 $150,000 4/1/12 200,000 5/1/12 300,000 12/31/12 100,000 The office was completed and ready for occupancy on April 1st, 2013. To help pay for construction, $300,000 was borrowed on January 1, 2012, on an 8%, three-year note payable. Other than the construction note, the only debt outstanding during 2012 was: $500,000, 8%, note payable $1,000,000, 6% bond payable A. Calculate average accumulated expenditures for 2012: B. Calculate avoidable interest for 2012: C. Prepare the journal entry to capitalize interest costs for 2012 D. Calculate the total capitalized value of the office building at 12/31/12