To finance construction of a qualifying asset, a company borrows $500,000 on January 1, 2010, at an interest rate of 10%. The company makes the following disbursements during the 24-month construction period: $200,000 on January 1, 2010; $150,000 on June 30, 2010; $100,000 on January 1, 2011, and $50,000 on June 30, 2011. Construction of the asset is completed on December 31, 2011, and it is ready for its intended use. During the construction period, excess funds are invested, which earn 3% in 2010 and 496 in 2011. What is the amount of interest that should be capitalized using US GAAP as of December 31, 2011? a. 68,750 b. 77,500 C. 67,250 d. 75.000 e. None of these