Thornton Industries began construction of a warehouse on July 1, 2021. The project was completed on March 31, 2022. No new loans were required to fund construction. Thornton does have the following two interest-bearing liabilities that were outstanding throughout the construction period: Construction expenditures incurred were as follows: The company's fiscal year-end is December 31. Required: Calculate the amount of interest capitalized for 2021 and 2022. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Calculate the amount of interest capitalized for 2021. (Do not round the intermediate calculations. Round your percentage answers decimal place (1.e. 0.123 should be entered as 12.3\%).) Required: Calculate the amount of interest capitalized for 2021 and 2022. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Calculate the amount of interest capitalized for 2022. (Do not round the intermediate calculations. Round your percentag decimal place (i.e. 0.123 should be entered as 12.3% ).)