On January $1,2024,$ the Mason Manufacturing Company began construction of a building to be used as its office headquarters. The Complete this question by entering your answers in the tabs below.

Calculate the amount of interest that Mason should capitalize in $2024$ and $2025$ using the weighted$-$average method.

Calculate the amount of interest expense that will appear in the $2024$ and $2025$ income statements.

Note: Round "Weighted$-$average rate of all debt" to $2$ decimal places but do not round other intermediate calculations. Enter

your answers in dollars rounded to the nearest whole number. Answer is not complete.

Complete this question by entering your answers in the tabs below.

Req $1$ and $3$

Req $2$

What is the total cost of the building?

Note: Round "Weighted$-$average rate of all debt" to $2$ decimal places but do not round other intermediate calculations. Enter

your answers in dollars rounded to the nearest whole number.

building was completed on September $30,2025.$ Expenditures on the project were as follows:

On January $1,2024,$ the company obtained a $$3$ million construction loan with a $10\%$ interest rate. Assume the $$3$ million loan is not

specifically tied to construction of the building. The loan was outstanding all of $2024$ and $2025.$ The company's other interest$-$bearing

debt included two long$-$term notes of $$5,900,000$ and $$7,900,000$ with interest rates of $7\%$ and $9\%,$ respectively. Both notes were

outstanding during all of $2024$ and $2025.$ Interest is paid annually on all debt. The company's fiscal year$-$end is December $31.$

Required:

Using the weighted$-$average interest method, answer the following questions:

Calculate the amount of interest that Mason should capitalize in $2024$ and $2025$ using the weighted$-$average method.

What is the total cost of the building?

Calculate the amount of interest expense that will appear in the $2024$ and $2025$ income statements.

Answer is not complete.

Complete this question by entering your answers in the tabs below.

Calculate the amount of interest that Mason should capitalize in $2024$ and $2025$ using the weighted$-$average method.

Calculate the amount of interest expense that will appear in the $2024$ and $2025$ income statements.

Note: Round "Weighted$-$average rate of all debt" to $2$ decimal places but do not round other intermediate calculations. Enter

your answers in dollars rounded to the nearest whole number.

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