Question 7 of 20 - / 0.4 III View Policies Current Attempt in Progress Waterway Industries is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were $6450000 on March 1, $5340000 on June 1, and $8550000 on December 31. Waterway Industries borrowed $3230000 on January 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 10%, 3-year, $6430000 note payable and an 11%, 4-year, $12150000 note payable. What is the actual interest for Waterway Industries? O $2367100 O $2402630 O $1981500 O $947790 Blossom Corporation purchased a limited-life intangible asset for $444000 on May 1, 2019. It has a useful life of 10 years. What total amount of amortization expense should have been recorded on the intangible asset by December 31, 2021? O $133200 O $118400 O $0 O $88800 Save for Later Attempts: 0 of 1 used Submit