Coronado Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $3,500,000 on January 1, 2020. Coronado expected to complete the building by December 31, 2020. Coronado has the following debt obligations outstanding during the construction period, $1,400,000 1.050,000 Construction loan 12% interest, payable semiannually, issued December 31, 2019 Short-term loan-10% interest, payable monthly, and principal payable at maturity on May 30, 2021 tong-term loan-11% interest, payable on January 1 of each year, Principal payable on January 1, 2024 700.000 (a Your answer is correct Qu ALE Que Assume that Coronado completed the office and warehouse building on December 31, 2020, as planned at a total cost of $3.640,000, and the weighted average amount of accumulated expenditures was $2,520,000. Compute the avoidable Interest on this project (Use interest rates rounded to 2 decimal places, s. 7.50% for computational purposes and round final owers to decimal places, 8, 5,275) Que ACOU Avoidable interest 5 SO Question 9 of 13 3.5/7 On UIS project TUSE terestrates TUUNGE w Zuecimur places, Ex. 1.Jom jor computational purposesururuunu onur unswers WU decimal places, eg. 5,275.) Avoidable Interest $ 284480 e Textbook and Media Attempts: 1 of 4 used (b) Compute the depreciation expense for the year ended December 31, 2021. Coronado 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 $210,000. (Round answer too decimal places, eg. 5,275) Depreciation Expenses e Textbook and Media