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Thornton Industries began construction of a warehouse on Wuy.1,2021, The pigject was completed on March 31, 2022 No new loans were fequired to fund construction.

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Thornton Industries began construction of a warehouse on Wuy.1,2021, The pigject was completed on March 31, 2022 No new loans were fequired to fund construction. Thomton does have the following two linerest-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 caplzalzed for 2022, ( Co not round the intermediate cakculations. Round your percentage answers to 1 Required: Calculate the amount of interest capitalized for 2021 and 2022 8 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 roobd the intermeclate calculations Round your perientage answers to 1 Secimal place (i.e. 0.123 should be entered as 12.3% ).)

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