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Show your work Please! Refer to the following information for Questions 30-33. n January 1, 2011, Kendall Inc. began construction of an automated cattle feeder
Show your work Please!
Refer to the following information for Questions 30-33. n January 1, 2011, Kendall Inc. began construction of an automated cattle feeder system. The system was finished and ready for use on September 30, 2012. Expenditures on the project were as follows: January 1, 2011 . September 1, 2011 December 31, 201 $200.000 $300,000.-t $300,000 $300,000 $200,000 March 31. 2012 September 30. 2012 Kendall borrowed $750,000 on a construction loan af2% interest on January 1, Kendall borrowed $750,000 on a construction loan at 129 interest on January 1, 2011. This loan was outstanding throughout the construction period. The company had payable outstanding in 2011 and 2012. $4,500,000 in 9% bondsStep by Step Solution
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