Please help on part one and two! ABC contracted with a company...
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Accounting
Please help on part one and two! 
ABC contracted with a company to build a storage warehouse m 2014 Construction began on April 1 at which time ABC paid $50,000. ABC then made additional payments as follows, based on progress made towards completion of the structure: June 1 $75,000 Sept 1 $85,000 Dec 1 $45,000 Dec. 31 $50,000 ABC borrowed $100,000 on January 1 specifically for this project at 8% interest ABC had the following nonspecific borrowings outstanding during the year: 11% $3 million loan 6% $1 million loan How much interest should be capitalized on this building? What is the ending balance in the Building account at the end of 2014
Please help on part one and two!
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