On January 1, YR1 Stevens CO, began construction of small building. The following expenditures were incurred for construction YR1:

Jan 1	85,000
April 1	62,000
May 1	105,000
June 1	200,000
July 1	118,000

To helo pay for construction, 100,000 was borrowed on January 1, YR1 on a 12% three year notes payable. The weighted average interest rate on all the other debts is 11.2%. Stevens Co. ends its fiscal year on dec 31 each year.

Calculate stevens avoidable interest YR1 assuming the building was completed and ready for use on July 31 YR1. Actual interest for YR1 is 152,000

1) round your answeres to the neartest whole number

2) for the 2nd column (% of current yr) put the numerator in the first box and the denominator in the second box.

Expenditures	% of current year	Interest Rate	Avoidable Interest
	/	%
	/	%
	/	%
	/	%
	/	%
		Total Avoidable Interest