During 2020 , Susan 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 $8,455,000. 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 2. 12%, ten-year bonds issued at par on December 31, 2014, with interest payable annually on December 31 3. 9%,3-year note payable, dated January 1, 2019, with interest payable annually on January 1 $5,332,000 5,859,000 2,929,500 Compute the amounts of each of the following. 1. Avoidable interest 2. Total interest to be capitalized during 2020$1