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 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 Long-term loan 11% Interest, payable on January 1 of each year Principal payable on January 1, 2024 1,050,000 700,000 (a) 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, es:7.58% for computational purposes and round final answers to o decimal places, s. 5,275) Avoidable Interest