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Use the following information to answer questions 5 through 8 On March 1, 2019, LAS Company purchased land for an office site. LAS Companybegan construction

Use the following information to answer questions 5 through 8

On March 1, 2019, LAS Company purchased land for an office site. LAS Companybegan construction on the office building on March 1. The following expenditures were incurred for construction:

DateExpenditures

March 1, 2019600,000

June 1, 2019504,000

Aug 1, 2019900,000

Oct 1, 20191,440,000

The payment of March includes the land cost of 200,000.The office was completed on December 31.

LAS borrowed 729,000 on March 1, 2019, on a 9%, 3-year note payable for construction purposes.

Other general loans include 3000,000, 12%, 6-year note payable dated January 1, 2019, and

1,500,000, 9%, 5-year note payable dated January 1, 2019.

LAS earned interest revenues of20,000 for specific borrowing.

Compute the interest expense for 2019

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