Use the following information for questions 7, 8, 9, 10, and 11. On January 1, 2018, SABIC contracted Al-Harbi Construction Co. to construct an office building for 1,100,000 on land costing 100,000 in United Kingdom On March 1, 2018 SABIC began construction of the building and the following expenditures were incurred for construction: March 1 75,000 May 1 July 1 180,000 100,000 April 1 June 1 74,000 270,000 The building was completed and occupied on July 1 2018. To help pay for construction 50,000 was borrowed on March 1 on a 12%, three-year note payable. The only other general debt outstanding during the construction period was a 500,000, 10% note issued two years ago. 7. Compute the Weighted-Average Accumulated Expenditures. A. 395,500. B. 96,000. C. 56,000. D. 6699,000. 8. Compute the Actual Interest related to the construction of the building. A. 52,000. B. 55,000. C. 56,000. D. 57,000. 9. Determine the Capitalization Interest Rate A. 10% B.11% C. 12% D. 10.182% 10. Compute the Avoidable Interest related to the construction of die building A. 6,000. B. 4,600. C. 610,600. D. 696,000. 11. Determine the amount of interest to be capitalized for the year 2018 A. 10,600. B. 55,000. C. 56,000. D. 96,000