During 2004, Naylor Building Company constructed various assets at a total cost of $6, 300,000. The weighted average accumulated expenditures on assets qualifying for capitalization of interest during 2004 were $4, 400,000. The company had the following debt outstanding at December 31. 2004: 10%, 5-year note to finance construction of various assets, dated January 1, 2004, with interest payable annually on January 1 12%, ten-year bonds issued at par on December 31, 1998, with interest payable annually on December 31 9%, 3-year note payable, dated January 1, 2003, with interest payable annually on January 1/1,000,000 Compute the amounts of each of the following (show computations). Avoidable interest and actual interest Total interest to be capitalized during 2004