On January 1, 2020, VA Winery began the construction of a new wine processing plant. The automated plant was finished and ready for use on December 1, 2020. The weighted average accumulated expenditure (WAAE) is determined to be $500,000 VA Winery borrowed $450,000 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, 10% bonds outstanding in 2020 and 2021. Required: For fiscal period 2020, The avoidable interest is $