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Bonita Company is constructing a building. Construction began on February 1 and was completed on December 31 . Expenditures were $1,896,000 on March 1, $1,296,000

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Bonita Company is constructing a building. Construction began on February 1 and was completed on December 31 . Expenditures were $1,896,000 on March 1, $1,296,000 on June 1 , and $3,025,000 on December 31 . Bonita Company borrowed $1,089,000 on March 1 on a 5-year, 12% note to help finance construction of the building. In addition, th company had outstanding all year a 10%,5-year, $2,327,000 note payable and an 11%,4-year, $3,795,000 note payable. Compute avoidable interest for Bonita Company. Use the weighted-average interest rate for interest capitalization purposes. (Round weightedaverage interest rate to 4 decimal places, eg. 0.2152 and final answer to 0 decimal places, eg. 5,275.) Avoidable interest $

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