Use the following information for the next three questions 6-8: ABC Corporation started construction on a factory for their business on January 1, 2013, when ABC made an initial payment of $615,000. The total construction costs were $900,000. The remaining payments were made in equal installments at the end of each three-month period until December 31, 2013, when the building was completed and placed into service. All aspects of the contract were completed on schedule. ABC Corporation obtained the funds spent on the project through a $330,000 loan obtained on May 1, 2013, with an interest rate of 996. ABC had additional debt outstanding the entire year of $800,000 at 1396 and $550,000 1196. Round interest rates to 4 decimals when necessary. Determine the amount of interest to be capitalized at 12/31/13. A $64.969 O B. $80,979 O C. $85.044 D.584,300 QUESTION 7 Use the following information for the next three questions 6-8: ABC Corporation started construction on a factory for their business on January 1, 2013, when ABC made an initial payment of $615,000. The total construction costs were 5900,000. The remaining payments were made in equal installments at the end of each three-month period until December 31, 2013, when the building was completed and placed into service. All aspects of the contract were completed on schedule. ABC Corporation obtained the funds spent on the project through a $330,000 loan obtained on May 1, 2013, with an interest rate of 99. ABC had additional debt outstanding the entire year of $800,000 at 1396 and $550,000 at 1196. Round interest rates to 4 decimals when necessary. Determine the company's interest expense for 2013. Determine the company's interest expense for 2013. A $103.321 B. $123,121 C. $119,331 D. $0 QUESTION 8 Use the following information for the next three questions 6-8: ABC Corporation started construction on a factory for their business on January 1, 2013, when ABC made an initial payment of $615,000. The total construction costs were $900,000. The remaining payments were made in equal installments at the end of each three-month period until December 31, 2013, when the building was completed and placed into service. All aspects of the contract were completed on schedule. ABC Corporation obtained the funds spent on the project through a $330,000 loan obtained on May 1, 2013, with an interest rate of 99. ABC had additional debt outstanding the entire year of $800,000 at 1396 and $550.000 at 1196. Round interest rates to 4 decimals when necessary. If the company failed to capitalize interest expense, which of the following would be true? A Net income in 2013 would be lower. B. Net income in 2014 and beyond would be lower. C. Net income in 2013 would not change. D. Net income in 2013 would be higher