PROBLEM 1 During 2019, Barden Building Company constructed various assets at a total cost of 8,400,000. Barden made the following payments related to the construction during 2019: Date Payment February 1, 2019 5,600,000 August 31, 2019 2,400,000 December 31, 2019 400,000 The company had the following debt outstanding at December 31, 2019: 1. 10%, 5-year note to finance construction of various assets, dated January 1, 2019, with interest payable annually on January 1 3,600,000 2. 12%, ten-year bonds issued at par on December 31, 2013, with interest payable annually on December 31 4,000,000 3. 9%, 3-year note payable, dated January 1, 2019, with interest payable annually on January 1 2,000,000 Instructions Compute the amounts of each of the following (show computations). 1. Weighted Average Accumulated Expenditure for 2019 2. Capitalization Rate for 2019 3. Actual Borrowing costs in 2019