Bramble Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,956,000 on March 1, $1,236,000 on June1, and $3,041,000 on December 31.

Bramble Company borrowed $1,159,000 on March 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 10%, 5-year, $2,323,000 note payable and an 11%, 4-year, $3,186,000 note payable. Compute avoidable interest for Bramble Company. Use the weighted-average interest ratio for interest capitalization purposes.

Current Attempt in Progress Bramble Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,956,000 on March 1, \$1,236,000 on June 1, and \$3,041,000 on December 31. Bramble Company borrowed $1,159,000 on March 1 on a 5-year, 12\% note to help finance construction of the building. In addition, the company had outstanding all year a 10\%, 5-year, $2,323,000 note payable and an 11\%,4-year, $3,186,000 note payable. Compute avoidable interest for Bramble Company. Use the weighted-average interest rate for interest capitalization purposes. (Round weighted-average interest rate to 4 decimal places, e.g. 0.2152 and final answer to 0 decimal places, e.g. 5,275.) Avoidable interest $