In 2022, Thanos Enterprises began constructing a building to house its new painting division. Thanos made payments to the construction company of $300,000 on March 1, $450,000 on May 1, and $1,050,000 on December 1. In addition, Thanos Enterprises had $200,000 of general debt with an interest rate of 8% outstanding as of Jan 1, 2022. At the end of the year, the accountant is determining how much interest can be capitalized. What is the amount of weighted-average accumulated expenditures that provides the basis for determining capitalized interest? 600,000 662,500 612,500 1,800,000 637,500