2. Early in 2022, Erin Corporation engaged Mikell, Inc. to design and construct a complete modernization of Erins manufacturing facility. Construction was begun on May 1, 2022 and was completed on December 31, 2022. Erin made the following payments to Mikell, Inc. during 2022: May 1 $2,000,000 September 1 5,400,000 December 1 2,200,000 In order to help finance the construction, Erin issued $1,000,000 of 10-year, 6% bonds payable, issued at par on April 30, 2021, with interest payable annually on April 30. In addition, Erin had a $3,500,000, 7% note payable dated January 1, 2005 and due January 1, 2024, with interest payable annually on January 1 and a $1,000,000, 4% note payable dated July 1, 2009 and due June 30, 2023, with interest payable annually on June 30. Required: a. Calculate the weighted-average accumulated expenditures. b. Calculate avoidable interest. c. Calculate total amount of interest to be capitalized during 2022