On January 1, 2017 Mercy Co. began construction of a small building. The following expenditures were incurred for construction: January 1 $200,000 March 1 300,000 April 1 250,000 May 1 720,000 June 1 1,080,000 July 1 400,000 The building was completed and occupied on Dec. 31, 2017. To help pay for construction $1,500,000 was borrowed on Jan. 1 on a 12%, five- year note payable. The only other debt outstanding during the year was a $3,000,000, 10% note issued two years ago. (a) Calculate the weighted average accumulated expenditures. (b) Calculate avoidable interest. (c) If the cost of constructing the building is $2,950,000 (besides capitalized interest cost) and the building has an estimated life of 40 years with a salvage value of $175,000, what is the depreciation for the year 2018