During 2020, Angela 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 2020 were $8,229,000. The company had the following debt outstanding at December 31, 2020: 1. 10%, 5-year note to finance construction of various assets, dated January 1, 2020, with interest payable annually on January 1 $5,452,000 2. 12%, ten-year bonds issued at par on December 31, 2014, with interest payable annually on December 31 5,894,000 3. 9%, 3-year note payable, dated January 1, 2019, with interest payable annually on January 1 2,947,000 Compute the amounts of each of the following. 1. Avoidable interest 2. Total interest to be capitalized during 2020 $