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During 2020, Maria Building Company constructed various assets at a total cost of $12,600,000. The weighted average accumulated expenditures on assets qualifying for capitalization of

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During 2020, Maria 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 $8.201.000. The company had the following debt outstanding at December 31, 2020: 10%, 5 year note to finance construction of various assets, dated January 1, 2020, with interest payable $5.436,000 annually on January 1 1236. ten year bonds issued at par on December 31, 2014, with interest payable annually on December 31 5,873,000 3 9%. 3 year note payable, dated January 1, 2019, with interest payable annually on January 1 2.936,500 1. 2 Compute the amounts of each of the followinie 1. Avoidable interest $ 2. Total interest to be capitalized during 2020 $

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