4. (20 points Jayco be w points) JayCo began construction on a building during the operating year just ended. The following facts apply: Expected total cost of constructing the building $5,500,000 Expended during this year January 3 $ 400,000 April 1 $ 500,000 August 1 $ 500,000 November 1 $1,000,000 December 31 $ 250,000 JayCo borrowed, on April 1. $750,000 at 3.5% interest to help finance the construction. JayCo also had the following additional debt outstanding the entire year: $2,500,000 long term debt due in 4 years at an interest rate of 4% $1,400,000 long term debt due in 2 years at an interest rate of 5% a. Compute the weighted average expenditures for this construction for the current year. b. Compute weighted average interest rate c. Compute the avoidable interest for the current year. Provide the summary entry to record the total actual interest for the current year as a year end entry. Provide the entry to transfer the appropriate amount of capitalized interest to the building account. What is the carrying value of the building on JayCo's books at the end of the current year