I need help Situation III Tamarisk, Inc has a fiscal...
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Situation III Tamarisk, Inc has a fiscal year ending April 30, On May 1, 2025. Tamarisk borrowed $10,790,000 at 11% to finance construction of its own buliding Repayments of the loan are to commence the month following completion of the building During the year endid Apri 30,2026 , expencitures for the partiallycompleted structure totaled $37,553,000 (wadghted-average accumulated expenditures were 53,776,500 ). Interest earned on the unexpended portion of the loan amounted to $701,350 for the year. How much should beshown as capitalized interest on Tamarisks financlal statements at April 30, 202.6? Capitatited intersst on Tamarlaks financlal statemints
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