Please give me a quote for this homework. There are 2 questions on it. Each question is on a different tab.

Interest Capitalization
    Q1 (Classification of Costs and Interest Capitalization) On January 1, 2020, Blair Corporation
    purchased for    $530,000    a tract of land (site number 101) with a building. Blair paid a real estate
    broker’s commission of        $38,000    , legal fees of    $3,700    , and title guarantee insurance
    of    $4,300    . The closing statement indicated that the land value was
    $500,000    and the building value was        $100,000    . Shortly after acquisition, the building was
    razed at a cost of        $32,000
    Blair entered into a contract with Slatkin Builders, Inc. on March 1, 2020, for the construction of an office building on land site number 101. The building was completed and occupied on Dec 31, 2020. Additional construction costs were incurred as follows:
    To finance construction costs, Blair borrowed                $1,000,000    on March 1, 2020. The loan
    is payable in     10    years in a single sum of        $1,000,000    plus annual interest at
    12%    , which will be paid at March 1.
    Other debt includes a 20-year notes payable of                 $2,000,000     issued on January 1,2010, with
    an annula interest at        10%    .
    Blair's building construction expenditures were as follows:
        March 1, 2020: Plans and architects fees                $750,000
        May 1, 2020: Construction...