On January 1, 2020, FL Citrus began construction of a new citrus processing plant. The automated plant was finished and ready for use on September 30, 2020. Expenditures for the construction were as follows: January 1, 2020 $ 400,000 August 1, 2020 600,000 September 30, 2020 1,000,000 FL Citrus borrowed $300,000 on a construction loan at 12% interest on January 1, 2020: This loan will not be paid till mid 2021. The company also had a $2,000,000, 9% bonds outstanding in 2020 and 2021. Required: For fiscal period 2020, "The weighted average accumulated expenditure is $