Liddy Corp. began constructing a new warehouse for its operations during the current year in the year Liddy incurred interest of $10.000 on a working capital loan, and interest on a construction loan for the warehouse of $70,000. Interest computed on the average accumulated expenditures for the warehouse construction was $50,000. What amount of Interest should Liddy expense for the year? a. $130,000. b. $30,000 c. $80,000 d. $10,000
