Tag Determine the amount of interest to be capitalized in 2012 in relation to the construction of the building. The amount of interest

Exercise 10-­8 On December 31, 2011, Hurston Inc. borrowed $6,390,000 at 13% payable annually to finance the construction of a new building. In 2012, the company made the following expenditures related to this building: March 1, $766,800; June 1, $1,278,000;…