The following table shows the comparative statement of financial position for Evonik Industries Inc. Dec. 31, 2020 Land $18,000 Equipment 70,000 Accumulated depreciation (20,000) Prepaid insurance 25,000 Accounts receivable (net) 80,000 Cash 36,000 Share capital-ordinary 140,000 Retained earnings 31,000 Bonds payable 27,000 Accounts payable 11,000 Dec. 31, 2019 $40,000 60,000 (13,000) 17,000 60,000 31,000 115,000 55,000 19,000 6,000 Cash dividends of $9.000 were declared and paid in 2020. Net loss for 2020 is $15,000. Equipment with a cost of $15,000 and accumulated depreciation of 10,000 was sold for $5,000 cash. Land was sold for cash at a loss of $7,000. This was the only land transaction during the year. $12,000 of bonds were retired during the year at carrying (book) value. Equipment was acquired for ordinary shares. The fair value of the shares at the time of the exchange was $25,000. Please prepare a statement of cash flows for the year ended 2020, using indirect method. In 2020, the Evonik Industries Inc. engaged Benner Inc. to design and construct a new manufacturing facility. The construction period was estimated to be one year and it should be completed on Dec. 31, 2020. Date Payment Mar. 1, 2020 $550.000 Jun. 1, 2020 250,000 Jul. 31, 2020 950,000 Oct. 1, 2020 120,000 Dec. 31, 2020 150,000 The Evonik Industries Inc. issued the following during 2020 to finance the construction: 500,000 of 10-year, 10% bonds payable, issued on Feb. 2, 2020, with interest payable annually on Feb. 2. 100,000 of 5-year, 12% notes payable, issued on Feb. 15, 2020, with interest payable annually. In addition, the only debt outstanding during 2020 was a $500,000, 8% note payable dated Mar. 15, 2015 and due Mar. 15 2022, with interest payable annually on Mar 15. Please try to confirm the weighted average accumulated expenditures qualifying for capitalization of interest cost. Please try to confirm the avoidable interest incurred during 2020. Please try to confirm the total amount of interest cost to be capitalized during 2020