(12). Saleh Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $2,500,000 on January 1, 2020. Saleh expected to complete the building by December 31, 2022. Saleh has the following debt obligations outstanding during the construction period. Construction loan - 15% interest, payable semiannually, issued December 31, $1,000,00 2021 0 700,000 Short-term loan 10% interest, payable monthly, and principal payable at maturity on May 30, 2022 Long-term loan -11% interest, payable on January 1 of each year. Principal payable on January 1, 2026 500,000 Instructions (Carry all computations to two decimal places.) (a). Assume that Saleh completed the office and warehouse building on December 31, 2022, as planned, at a total cost of $2,600,000, and the weighted average of accumulated expenditures was $1,800,000. Compute the avoidable interest on this project. (1.875 marks) () Compute the depreciation expense for the year ended December 31, 2022. Saleh elected to depreciate the building on a straight-line basis and determined that the asset has a useful life of 30 years and a salvage value of $150,00 (1.3125 marks)