Carla Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $ 5,000,800 on January 1, 2017. Carla expected to complete the building by December 31, 2017. Carla has the following debt obligations outstanding during the construction period. Construction loan-12% interest, payable semiannually, issued December 31, 2016 Short-term loan-10% interest, payable monthly, and principal payable at maturity on May 30, 2018 Long-term loan-11% interest, payable on January 1 of each year. Principal payable on January 1, 2021 1,994,600 1,593,100 995,900 X Your answer is incorrect. Assume that Carla completed the office and warehouse building on December 31, 2017, as planned at a total cost of $ 5,236,900, and the weighted-average amount of accumulated expenditures was $ 3,795,900 Compute the avoidable interest on this project. Use interest rates rounded to 2 decimal places, eg. 7 58% or computational purposes and round final answers to O decimal places, eg. 5,275) Avoidable Interest 268,859 e Textbook and Media X Your answer is incorrect. Compute the depreciation expense for the year ended December 31, 2018. Carla elected to depreciate the building on a straight-line basis and determined that the asset has a useful life of 30 years and a salvage value of $ 302,700. (Round answer to O decimal places, eg. 5,275) Depreciation Expense 173,435