Marin Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $3,000,000 on January 1.2020. Marin expected to complete the building by December 31, 2020. Marin has the following debt obligations outstanding during the construction period. Construction loan-12% interest, payable semiannually, issued December 31, 2019 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 $1,200,000 840,000 600,000 Assume that Marin completed the office and warehouse building on December 31, 2020, as planned at a total cost of $3.120,000, and the weighted- average amount of accumulated expenditures was $2,160,000. Compute the avoidable interest on this project (Use interest rates rounded to 2 decimal places, e..7.58% for computational purposes and round final answers to decimal places, eg. 5,275.) Avoidable Interest $ 244000 e Textbook and Media Compute the depreciation expense for the year ended December 31, 2021. Marin elected to depreciate the building on a straight-line basis and determined that the asset has a useful life of 30 years and a salvage value of $180,000. (Round answer to decimal places, s. 5.275) Depreciation Expenses