Exercise 10-07 Nash Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $3,500,000 on January 1, 2020. Nash expected to complete the building by December 31, 2020. Nash has the following debt obligations outstanding during the construction period Construction loan-12% Interest, payable semiannually, issued December 31, 2019 $1,400,000 Short-term loan-10% interest, payable monthly, and principal payable at maturity on May 30, 2021 Long-term loan-11% Interest, payable on January 1 of each year, Principal payable on January 1, 2024 700,000 980,000 Assume that Nash completed the office and warehouse building on December 31, 2020, as planned at a total cost of $3,640,000, and the weighted average amount of accumulated expenditures was $2,520,000. Compute the avoidable interest on this project. Use interest rates rounded to 2 decimal places, e.g. 7.58% for computational purposes and round final answers to o decimal places, eg. 5,275.) Avoidable Interest s LINK TO TERT Compute the depreciation expense for the year ended December 31, 2021. Nash elected to depreciate the building on a line bass and determined that the asset has sete 30 years and a salvage value of $210,000. (Round answer to decimal places. 27.) Deprecation Expert Click if you would like to show Work for this questioni Show.Worx