During 2019, PlayAcct Software Company built a new research facility at a total cost of $5,000,000. The company had the following debt outstanding at December 31, 2019:

5%, 5-year note to finance construction of these various assets, dated (i.e., issued) January 1, 2019, with interest payable annually on January 1 $1,350,000

6%, 10-year bonds issued at par on December 31, 2013, with interest payable annually on December 31 $1,500,000

4.5%, 3-year note payable, dated January 1, 2018, with interest payable annually on January 1 $ 750,000

Let WAAX be the weighted average accumulated expenditures on assets qualifying for capitalization of interest during 2019.

Compute avoidable interest and interest capitalized in 2019 assuming that WAAX = $ 1,000,000

Prepare a journal entry in good form to recognize interest expense and interest capitalized in 2019.

Compute avoidable interest and interest capitalized in 2019 assuming that WAAX = $2,100,000

Compute avoidable interest and interest capitalized in 2019 assuming that WAAX = $5,000,000