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Thornton Industries began construction of a warehouse on July 1, 202L The project was completed on March 31, 2022. No new loans were required to

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Thornton Industries began construction of a warehouse on July 1, 202L 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 $4,000,000, 91 sote 36.000.000, 6 benda Construction expenditures incurred were as follows: July 1, 2021 September 30, 2021 November 30, 2021 January 30, 2022 $430000 610.000 630.000 570,000 The company's fiscal year-end is December 31 Required: Calculate the amount of interest capitalized for 2021 and 2022 Complete this question by entering your answers in the tabs below

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