Boron co. is a calendar-year firm. on january 1, year 1, it borrowed $8 million at 15% to finance construction of a new building. payments on the loan are to commence the month following completion of the project. during year 1, expenditures for the partially completed building were $4 million. these expenditures were incurred evenly throughout the year. boron had invested the unexpended portion of the loan in a money market fund that generated interest revenue of $300,000 during the year. what should be the amount of capitalized interest disclosed on boron’s year 1 financial statements?

Slimwood corporation made sales of $ 725 million during 2018. of this amount, slimwood collected cash for $ 670 million. the company's cost of goods sold was $ 300 million, and all other expenses for the year totaled $ 400 million. also during 2018, slimwood paid $ 420 million for its inventory and $ 285 million for everything else. beginning cash was $ 110 million. carter's top management is interviewing you for a job and they ask two questions: (a) how much was carter's net income for 2018? (b) how much was carter's cash balance at the end of 2016? you will get the job only if you answer both questions correctly.