a corporation makes the following expenditures related to the construction of a plant asset

1/1/19 $200,000

4/1/19 $400,000

7/1/19 $300,000

12/31/19 350,000

The corporation has a construction loan of $900,000(5%annual interest rate). The loan was outstanding for the entire year of 2019. There is no other debt outstanding. The interest qualifies for interest capitalization . Calculate the avoidable interest