Question 72 0/1 View Policies Show Attempt History Current Attempt in Progress X Your answer is incorrect. On January 2, 2020, Sheridan Company began construction of a new citrus processing plant. The automated plant was finished and ready for use on September 30, 2021. Expenditures for the construction were as follows: January 2, 2020 $ 608000 September 1, 2020 1812000 December 31, 2020 1812000 March 31, 2021 1812000 September 30, 2021 1209000 Sheridan Company borrowed $3370000 on a construction loan at 12% interest on January 2, 2020. This loan was outstanding during the construction period. The company also had $12720000 in 9% bonds outstanding in 2020 and 2021. The interest capitalized for 2021 was: $377017 $303300 $73717 $358588 Question 71 --/1 View Policies Current Attempt in Progress On January 2, 2020, Sheridan Company began construction of a new citrus processing plant. The automated plant was finished and ready for use on September 30, 2021. Expenditures for the construction were as follows: January 2, 2020 $ 594000 September 1, 2020 1806000 December 31, 2020 1806000 March 31, 2021 1806000 September 30, 2021 1193000 Sheridan Company borrowed $3320000 on a construction loan at 10% interest on January 2, 2020. This loan was outstanding during the construction period. The company also had $12960000 in 7% bonds outstanding in 2020 and 2021. What were the weighted average accumulated expenditures for 2021 by the end of the construction period? $903000 $4325600 $4147200 $5953200 e Textbook and Media