On January 1, 2012, Harrison's, Inc., borrowed $90,000 at 12% payable annually to finance the construction of a new building. The building was completed December 31, 2012. In 2012, the company made the following expenditures related to this building: March 1, $360,000; June 1, $600,000; July 1, $1,500,000; December 1, $1,200,000; December 31, $300,000. Additional information is provided as follows: 1. Other debt outstanding: 10-year, 11% bond................$4,000,000 6-year, 10% note...................$1,600,000 2. The March 1, 2012 expenditure includes land costs of $150,000 3. Research and development expenses in 2012 were........$70,000

What is the total amount of the Weighted Average Accumulated Expenditures?