Early in 2021, Dobbs Corporation engaged Kiner, Inc. to design and construct a complete modernization of Dobbs's manufacturing facility. Construction was begun on June 1, 2021, and was completed on December 31, 2021. Dobbs made the following payments to Kiner, Inc. during 2021:

Date Payment

June 1, 2021, $3,600,000 (includes land purchase for 1,000,000

Sept 1, 2021, $5,600,000

December 31, 2021, $4,500,000

In order to help finance the construction, Dobbs borrowed $3,000,000 by acquiring a 10-year, 9% note payable on May 31, 2021, with interest payable annually on May 31.

In addition to the note payable, the only debt outstanding during 2021 was a $950,000, 12% note payable dated January 1, 2017, and due January 1, 2027, with interest payable annually on January 1

Compute the following:

a. Weighted-Average accumulated expenditures qualifying for capitalization of interest cost

b. Avoidable interest incurred during 2021

c. The total amount of interest cost to be capitalized during 2021

d. The balances in Land, building, and interest exp accounts at 12.31.21