Capitalization of interest. On March 1, Mocl Co. began construction of a small building. The following expenditures were incurred for The building was completed and occupied on July 1 . To help pay for construction $50,000 was borrowed on March 1 on a 12%, three-year note payable. The only other debt outstanding during the year was a $500,000,10% note issued two years ago. Instructions (a) Calculate the weighted-average accumulated expenditures. (b) Calculate avoidable interest