Assume that on November 1, 2016, ABC Company contracted DEF Construction Co. to construct a building for $1,400,000 on land costing $100,000 (purchased from the contractor and included in the first payment). ABC made the following payments to the construction company during 2017:

January 1 March 1 May 1 December 31 Total

$210,000 $300,000 $540,000 $450,000 $1,500,000

DEF Construction completed the building, ready for occupancy, on December 31, 2017. ABC had the following debt outstanding at December 31, 2017.

Specific Construction Debt:

15%, 3-year note to finance purchase of land and construction of the building, dated December 31, 2016, with interest payable annually on December 31	$750,000
Other Debt:
10%, 5-year note payable, dated December 31, 2013, with interest payable annually on December 31	$550,000
12%, 10-year bonds issued December 31, 2012, with interest payable annually on December 31	$600,000

The weighted-average accumulated expenditures of ABC Company during 2017 is (choose the closest answer):

	A.	$820,000
	B.	$857,500
	C.	$795,000
	D.	$830,000