Coronado Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,932,000 on March 1,$1,212,000 on June 1 , and $3,028,000 on December 31 . Coronado Company borrowed $1,150,000 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 9%,5-year, $2,271,000 note payable and an 10%,4-year, $3,429,000 note payable. Compute avoidable interest for Coronado 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 $ Coronado Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,932,000 on March 1,$1,212,000 on June 1 , and $3,028,000 on December 31 . Coronado Company borrowed $1,150,000 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 9%,5-year, $2,271,000 note payable and an 10%,4-year, $3,429,000 note payable. Compute avoidable interest for Coronado 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 $