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31 On July 1, 2020, the Severus Snape Company began construction of a new potions...

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31 On July 1, 2020, the Severus Snape Company began construction of a new potions dungeon. The dungeon was completed on October 31, 2021. Expenditures on the project were as follows ($ in millions): July 1, 2020 October 1, 2020 February 1, 2021 Roril 1, 2021 September 1, 2021 October 1, 2021 62 24 32 22 21 Onts 8 01:09:09 ebook On July 1, 2020. Severus Snape obtained a $72 million construction loan with a 7% interest rate. The loan was outstanding through the end of October 2021. The company's only other interest-bearing debt was a long-term note for $100 million with an interest rate of 9%. This note was outstanding during all of 2020 and 2021. The company's fiscal year-end is December 31. Using the specific interest method, how much interest should Severus Snape capitalize in 20207 Inforest capitalized in 2020

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