Carla Inc, is a book distributor that had been operating in its original facility since...

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Carla Inc, is a book distributor that had been operating in its original facility since 1990 . The increase in certification programs and continuing education requirements in several professions has contributed to an annual growth rate of 15% for Carla since 2015 . Carla' original facility became obsolete by early 2020 because of the increased sales volume and the fact that Carla now carries CDs in addition to books. On June 1, 2020, Carla contracted with Black Construction to have a new building constructed for $5,360,000 on land owned by Carla. The payments made by Carla to Black Construction are shown in the schedulepelow. Construction was completed and the building was ready for occupancy on May 27, 2021. Carla had no new borrowings directly associated with the new building but had the following debt outstanding at May 31, 2021, the end of its fiscal year. 10%,5-year note payable of $2,680,000, dated April 1, 2017, with interest payable annually on April 1. The new building qualifies for interest capitalization. The effect of capitalizing the interest an the new building, compared with the effect of expensing the interest, is material, Compute the weighted-average accumulated expenditures on Carla's new bullding during the capitalization period. Weighted Average Accumulated Expenditures eTextbook and Media Compote the avoidable interest on Carla's new building :Round intermediate percentrge calculation to 1 declmal ploce, eg 15 . 86 and tinal answer to 0 decimel places, e 5,125 . Avoidable internst $ Some interest cost of Carla Inc is capitalized for the year ended May 31, 2021. Compute the amount of each items that must be disclosed in Carla's financial statements. Total actual interest cost \$ Total interest cupitalized $ Total interest expensed

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