On January 1, 2021, Graf Inc began construction of a new processing plant. The automated plant was finished and ready for use on December 31, 2021. Expenditures for the construction were as follows: January 1, 2021 August 1, 2021 December 31, 2021 $1,800,000 2,700,000 1,200,000 The company had the following debt outstanding at December 31, 2021: Specific Construction Debt 1. 10%, 5-year note to specifically finance construction of the building, dated December 31, 2020, with interest payable annually on December 31 $1,800,000 Other Debt 2. 12%, ten-year bonds issued at par on December 31, 2015, with interest payable annually on December 31 12,000,000 In the space provided, calculate the following (SHOW ME ALL OF YOUR CALCULATIONS FOR FULL CREDIT - BE VERY CLEAR ON HOW YOU ARRIVED AT YOUR ANSWERS for each part) For parts 1-3, underline your final answer: 1. Actual Interest for full year 2021 2. Weighted average accumulated expenditures 3. Avoidable interest. 4. Prepare the journal entry to record the payment of interest for the period ended December 31, 2021 (hint: would include the portion of interest that can be capitalized)