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 bites that were outstanding throughout the construction period $1,000,000, 112 note $4,000,000, bonds Construction expenditures incurred were as follows: July 1, 2021 September 30, 2021 November , 2221 January 30, 2022 720.000 1,000,000 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. 2021 2022 Calculate the amount of interest capitalized for 2021. (Do not round the intermediate calculations. Round your percentage answers to 1 decimal place (.e. 0.123 should be entered as 12.3%).) Date Expenditure Weight Average Jy 1 2021 September 30, 2021 November 30, 2021 Accumulated expenditures Amount Interest Rate Capital Interest Average could expenditures $ ox 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. Thorton does have the following to interest-bearing is that were outstanding throughout the construction period $1,000,00, rote $4,000,000, bonds Construction expenditures incurred were as follows: July 1, 2021 $ 320,000 September 30, 2011 November 30, 2023 The company's fiscal year-endis December 31 Required: Calculate the amount of interest Capitalized for 2021 and 2022 Complete this question by entering your answers in the tabs below. 2021 Calculuse the amount of interest capitalized for 2022. (Do not round the intermediate calculacions. Round your percentage answers to 1 place ). Weight Average Expenditure January 30, 2022 Amount Interest Rate Capitalized Interest Average accurated spandhra 5