During 20X1, Olive Building Company constructed various assets at a total cost of $4,200,000. The weighted average accumulated expenditures on assets qualifying for capitalization of interest during 20X1 were $2,800,000. The company had the following debt outstanding at December 31,20X1. REQUIRED: Using the attached forms, compute the following amounts, showing appropriate calculations. (1) Avoidable interest. (2) Total interest to be capitalized during 20X1. OLIVE BUILDING COMPANY CALCULATION OF WEIGHTED AVERAGE INTEREST RATE \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ OLIVE BUILDING COMPANY } \\ \multicolumn{1}{|c|}{\begin{tabular}{l} CALCULATION OF CAPITALIZABLE INTEREST \\ FOR YEAR ENDING DECEMBER 31, 20X1 \end{tabular}} \\ \hline & & \\ \hline & & \\ \hline & Total Interest To Be Capitalized & \\ \hline & & \\ \hline \end{tabular}