Doggy Co. began construction of a new cutter for the U.S. Coast Guard on January 1, 2018 and completed construction of the ship on October 31, 2019. To finance construction, Doggy took out an $8,000,000, 2-year, 6% construction loan on February 1, 2018. Interest on the loan was to be paid annually on the anniversary date of the loan. Doggy has no other outstanding interest-bearing debt. Doggy made the following expenditures in conjunction with this construction project: Date Amount 2/1/2018 $ 1,050,000 3/31/2018 900,000 6/1/2018 750,000 10/1/2018 1,000,000 12/31/2018 600,000 3/1/2019 900,000 9/1/2019 250,000 What is the amount of Doggys cumulative weighted average expenditures during 2018 related to the cutter project?