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Question: on january 2 2017 marigold corp began construction of a...

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On January 2, 2017, Marigold Corp. began construction of a new citrus processing plant. The automated plant was finished and ready for use on September 30, 2018. Expenditures for the construction were as follows: January 2, 2017 September 1, 2017 December 31, 2017 March 31, 2018 September 30, 2018 592000 1812000 1812000 1812000 1201000 Ma gold Corp. borrowed $3280000 on a construction loan at 12% interest on an a y 2 2017. This loan was outstanding during bonds outstanding in 2017 and 2018. he construction period. e company al d 730 00 The interest capitalized for 2018 was: $79761 $ 295200 355656 $ 374961 O

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