Early in 2014, Dorothy Corporation engaged Cathy, Inc. to design and construct a

Early in 2014, Dorothy Corporation engaged Cathy, Inc. to design and construct acomplete modernization of Dorothy’s manufacturing facility. Construction was begun onJune 1, 2014 and was completed on December 31, 2014. Dorothy made the followingpayments to Cathy, Inc. during 2014:Date PaymentJune 1, 2014 $6,000,000August 31, 2014 9,000,000December 31, 2014 7,500,000In order to help finance the construction, Dorothy issued the following during 2014:1. $5,000,000 of 10-year, 9% bonds payable, issued at par on May 31, 2014, with interestpayable annually on May 31.2. 1,000,000 shares of no-par common stock, issued at $10 per share on October 1, 2014.In addition to the 9% bonds payable, the only debt outstanding during 2014 was a $1,250,000,12% note payable dated January 1, 2010 and due January 1, 2020, with interest payable annuallyon January 1.InstructionsCompute the amounts of each of the following (show computations):1. Weighted-average accumulated expenditures qualifying for capitalization of interest cost.2. Avoidable interest incurred during 2014.3. Total amount of interest cost to be capitalized during 2014

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