Exercise i On July 31, 2017, Sage Company engaged Minsk Tooling Company to construct a special-purpose piece of factory machinery. Construction was begun immediately and was completed on November 1, 2017. To help finance construction on July 31 Sage issued a $325,200, 3-year 12% note payable at Netherlands National Bank, on hich interest is payable each July 31 $222,200 of the proceeds of the note was paid to Minsk on July 31 The remainder of the proceeds was temporarily invested in short-term marketable securities (trading securities) at 10% until November 1, On November 1. Sage made a final 103,000 payment to Minsk. Other than the note to Netherlands, Sage's only outstanding liability at December 31, 2017, is a $32,400, 8%, 6-year note payable, dated January 1, 2014, on which interest is payable each December 31. (a) Your answer is correct. Calculate the interest revenue, weighted-average accumulated expenditures, avoidable interest, and total interest cost to be capitalized during 2017. Interest revenue 2575 Weighted-average accumulated expenditures 55550 Avoidable interest Interest capitalized