Waterway Inc is a book distributor that had been operating in its original facility since...
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Waterway Inc is a book distributor that had been operating in its original facility since 1995 . The increase in certification programs and continuing education requirements inseveral prefessians has contributed to an annual growth rate of 15% for Waterway since 2020 . Waterway's original facility became obsolete by early 2025 because of the increased sales volume and the fact that Waterway now carties DVDs in addition to books. On June 1, 2025, Waterway contracted with Black Construction to have a new building constructed for $5.520,000 on land owned by Waterway. The psyments made ty Waterioy to BGek Construction are shown in the schedula below. Construction was completed and the bulding was ready for occupancy on May 27,2026 . Waterway had no new borrowings directly associsted with the new twididine but had the feiliowing debt outstanding a May 31, 2026, the end of its fiscalyeat. Compute the weighted-average accumulated expentitures on Waterway's new building during the capitalization period. Weighted-average accumulated expenditures 5 eTextbook and Media (b) Avoldabie interest 5 Some interest cost of Waterway lincis capitalized for the year ended Mav 31.2026. Compute the amount of each of the items that must be disclosed in Waterway's financial statements. Total actual interest cost Total interest caphtalized Total interest expensed



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