During 2017, Barden Building Company constructed various assets at a total cost of $12,600,000. The weighted average accumulated expenditures on assets qualifying for capitalization of interest during 2017 were $8,742,000. The company had the following debt outstanding at December 31, 2017: 1096, 5-year note to finance construction of various assets, dated January 1, 2017, with interest payable annually on January 1 1. $5,262,000 6,123,000 3,061,500 12%, ten-year bonds issued at par on December 31, 2011, with interest payable annually on December 31 2 996, 3-year note payable, dated January 1, 2016, with interest payable annually on January 1 3. Compute the amounts of each of the following. 1. Avoidable interest 2. Total interest to be capitalized during 2017