Morgan Company invested the following amounts into a project to construct an asset for their own use. Date Amount Invested 1-Jan 170,000 1-Mar 260,000 1-Jul 400,000 1-Oct 235,000 31-Dec 360,000 During the year, they had the following amounts of debt outs tanding: Debt Rate Construction Loan 15 Year Bond 5 year note Principle 450,000 500,000 90,000 0.12 0.06 0.08 Calculate the following: Interest Expense for the year. Interest Capitalized this year on the project Balance of the asset account at year end