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Veid Corporation is constructing a plant for its own use. Weld capializes interest on an annual basis. The following expenditures are made during the current

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Veid Corporation is constructing a plant for its own use. Weld capializes interest on an annual basis. The following expenditures are made during the current year, january 1, s48, ooc, fuly 1 , La64,000, September 1,5,280,000; and Decertiber 31,53,376,000. The following debts were outstanding chroughout the current year: Note: Aound al of your answers to the nearest Whole number or whole percentage point. a. Cemposte the amours of interent to be capialzed daning the year. Rmount of interest to be capitalired during the year: $ b. Calculete the arnourt of interost expense far the year. 5

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