Fxercise 10-7 windsor Funiture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $5,043,000 on January 1, 2017. windsor expected to complete the building by December 31, 2017. windsor has the following debt obligatlons outstanding during the construction perlod. Construction loan-10% irterest, payable semiannually, issued December 31, 2016 Short-term loan-83s interest, payahle monthly, and principal payabla at maturity an May 30, 2018 Long-term loan-9% interest, payable on January 1 of each Year. Principal payable on January 1, 2021 2,010,900 1 ,508.200 1,003,400 Assurne that Windsor completed the ofice and warehcuse buiding o December 31, 2017, as planned at a total cost of $5,167,000, and the weighted-average amount of accumulated expenditures was 3,776,000. Compute the avoidable interest on this project. (Use interest rates rounded to 2 decinal places, e.q. 7.58% for computational purposes did round final dnswers to 0 decimal places, eg. 5,275 Avoidable Interest indsor e c e tu de reuate e builuing ori a s ra ght e basis and deterrniried that ule asset has a useful life uf 30 years and a salvage value of $299 100 Round risi er lo 0 decim places Com u te ule depreuati n expense rul Ule vedl ed Deceniber 31, 2018. e.g. 5,275.) Depreciation Expense