Computing and Recording Interest Capitalization 1,$1,600,000; and December 31,$4,220,000. The following debts were outstanding throughout the current year. Note: Round all of your answers to the nearest whole number or whole percentage point. a. Compute the amount of interest to be capitalized during the year. Amount of interest to be capitalized during the year: b. Calculate the amount of interest expense for the year. \$ 
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