Question 9 of 12 View Policies Current Attempt in Progress ../8 On March 1, Brenda Co. began construction of a small building. The following expenditures were incurred for construction March 1 $337,500 April 1 296,000 May 1 723,000 June 1 1.149.000 July 1 396,000 The building was completed and occupied on July 1. To help pay for construction $237,500 was borrowed on March 1 on a 12% three- year note payable. The only other debt outstanding during the year was a $2,000,000, 10% note issued two years ago (a)