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What is the total cost of the building? (Do not round your intermediate calculations. Round your answer to the nearest whole dollar.) $3,110,15 ( Req

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What is the total cost of the building? (Do not round your intermediate calculations. Round your answer to the nearest whole dollar.) $3,110,15 ( Req 1 and 3 On January 1, 2018, the Mason Manufacturing Company began construction of a building to be used as its office headquarters. The building was completed on September 30, 2019. Expenditures on the project were as follows: January 1 , 2018 $1,200,000 March 1, 2018 690,000 June 30, 2018 450,000 October 1, 2018 660,000 January 31, 2019 945,000 April 30, 2019 1,260,000 August 31, 2019 2,250,000 On January 1, 2018, the company obtained a $3 million construction loan with a 12% interest rate. The loan was outstanding all of 2018 and 2019. The company's other interestbearing debt included two longterm notes of $5,500,000 and $7,500,000 with interest rates of 7% and 9%, respectively. Both notes were outstanding during all of 2018 and 2019. Interest is paid annually on a" debt. The company's fiscal yearend is December 31. Required: 1. Calculate the amount of interest that Mason should capitalize in 2018 and 2019 using the weightedaverage method. 2. What is the total cost of the building? 3. Calculate the amount of interest expense that will appear in the 2018 and 2019 income statements. 8 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Calculate the amount of interest that Mason should capitalize in 2013 and 2019 using the weighted-average method and interest expense that will appear in the 2018 and 2019 income statements. (Do not round your intermediate calculations. Round your answers to the nearest whole dollar.) Interest _$ 2.9.0.9, 3953539 Show less; Interest $ $ 1.50.2006 1.02.5479 Req2 )

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