On January 1, the first day of its fiscal year, Chloeser Clothing, Inc., began construction of a building to be used for storage. The following expenditures were incurred for construction: April 1 $80,000 January 1 $90,000 July 1 180,000 December 31 200,000 October 1 300,000 To finance the cost of construction, $50,000 was borrowed on January 1 on a 4%, three-year note payable. The only other debt outstanding during the year was a $500,000, 3 1/3% note issued two years ago Required: (Round all amounts to the nearest dollar.) a. Calculate the weighted-average accumulated expenditures. b. Calculate avoidable interest. c. Determine the amount of interest to be capitalized d. Prepare the journal entry to record interest for the year. Assume all interest is paid in cash