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, 20xi. OLIVE BUILDING COMPANY DEBT OUTSTANDING AT DECEMBER 31, 20X1 (a) | 1000, 5 year note to finance construction ofvarious assets, dated January (b) 12%, ten year bonds issued at par on December 31, 1995, with interest (c) 9%, 3 year note payable, dated January 1, 20X0, with interest payable S 1,800,000 1,20X1, with interest payable annually on January 1 payable annually on December 31 annually on January1 2,000,000 1,000,000 REQUIRED: Compute the following amounts, showing appropriate calculations. (1) (2) Avoidable interest. Total interest to be capitalized during 20xi