During 2022, Naylor Building Company constructed various assets at a total cost of $8,400,000. The weighted average accumulated expenditures on assets qualifying for capitalization of interest during 2022 were $5,600,000. The company had the following debt outstanding at December 31, 2022: 1. 10%, 5-year note to finance construction of various assets, dated January 1, 2022, with interest payable annually on January 1 $3,600,000 2. 12%, ten-year bonds issued at par on December 31, 2014, with interest payable annually on December 31 4,000,000 3. 9%, 3-year note payable, dated January 1, 2021, with interest payable annually on January 1 2,000,000 Compute the amounts of: 1. Avoidable interest on construction. 2. Actual interest during 2022. 3. Total interest to be capitalized during 2022.