Question 4 On March 1, 2015, Newton Company purchased and for an office site by paying $540,000 cash. Newton began construction on the office building on March 1. The following expenditures were incurred for construction: Date Expenditures March 1, 2015 $360,000 April 1, 2015 504,000 May 1, 2015 900.000 June 1, 2015 1.440,000 The office was completed and ready for occupancy on July 1. To help pay for construction, 6720,000 was borrowed on March 1, 2015 on a 9%, 3-year note payable oth then the construction not the only debt outstanding during 2015 was a $300,000, 12, 6-year note payable dated January 1, 2015 The weighted average accumulated expenditures on the construction project during 2015 were ww/,000 Study O $154,000 O $294.000 $312.000 Question 5 Guernet Company is constructing building Construction began in 2015 and the building was completed 12/31/15. Gutierrez made payments to the construction company $1,500,000 on 1/1, 53,300,000 on 9/1, and $3,000,000 on 12/31. Average accumulated expenditures were O $7,000,000 800,000 51,575,000 O 1850,00 SAVE FONTATTI SUMMIT ANSIVER