Laserwords Inc. is a book distributor that had been operating in its original facility since 1990 . The increase in certification programs and continuing education requirements in several professions has contributed to an annual growth rate of 15% for Laserwords since 2015. Laserwords' original facility became obsolete by early 2020 because of the increased sales volume and the fact that Laserwords now carries CDs in addition to books. On June 1, 2020, Laserwords contracted with Black Construction to have a new building constructed for $4,000,000 on land owned by Laserwords. The payments made by Laserwords to Black Construction are shown in the schedule below. Construction was completed and the building was ready for occupancy on May 27, 2021. Laserwords had no new borrowings directly associated with the new building but had the following debt outstanding May 31, 2021, the end of its fiscal year. Construction was completed and the building was ready for occupancy on May 27, 2021. Laserwords had no new borrowings directly associated with the new building but had the following debt outstanding at May 31, 2021, the end of its fiscal year. The new building qualifies for interest capitalization. The effect of capitalizing the interest on the new building, compared with the effect of expensing the interest, is material. Part 1 Compute the weighted-average accumulated expenditures on Laserwords's new building during the capitalization period. Compute the avoidable interest on Laserwords's new building. (Round intermediate percentage calculation to 1 decimal place, e.g. 15.6% and final answer to 0 decimal places, e.g. 5,125.) Some interest cost of Laserwords Inc. is capitalized for the year ended May 31, 2021. Compute the amount of each items that must be disclosed in Laserwords's financial statements. Total actual interest cost $ Total interest capitalized $ Total interest expensed $