Minor baseball company had a player contract with doe that was recorded in its accounting records at $145,000. better baseball company had a player contract with smith that was recorded in its accounting records at $140,000. minor traded doe to better for smith by exchanging each player's contract. the fair value of each contract was $150,000. required: what amounts should each company show in its accounting records for the exchange of player contracts? minor will value smith's contract at $ minor will report a gain of and doe will report a gain of better will value doe's contract at interest during construction matrix inc. borrowed $1,100,000 at 8% to finance the construction of a new building for its own use. construction began on january 1, 2016, and was completed on october 31, 2016. expenditures related to this building were january 1 $258,000 (includes cost of purchasing land of $150,000) may1 310,000 july1 420,000 october 31 275,000 in addition, matrix had additional de t unrelated to the construction of s500,000 at 9% and $800,000 at 109 all debt was outstanding fr the entire year. required: 1. compute the amount of interest capitalized related to the construction of the building 2. if the expenditures are assumed to have been incurred evenly throughout the year: compute weighted average accumulated expenditures compute the amount of interest capitalized on the building