Liddy Corp. began constructing a new warehouse for its operations during the current year.

Liddy Corp. began constructing a new warehouse for its operations during the current year. In the year Liddy incurred interest of $30,000 on a working capital loan, and interest on a construction loan for the warehouse of $80,000. Interest computed on the average accumulated expenditures for the warehouse construction was $60,000. What amount of interest should Liddy expense for the year?