At the start of Year6 Company began construction on a new office building. Company computed interest on weighted average construction expenditures during Year6 to be $12,000.Company had total interest costs for Year 6 of $14,000, as follows:Interest cost incurred on specific construction loans was $3,000.Interest cost incurred on non-construction related debt was $11,000What will Company report as interest expense on the Year6 income statement?
a. $2,000
b. $14,000
c. None
d. $12,000
e. $3,000
