On January 2, 2014, Indian River Groves began construction of a new citrus processing plant. The automated plant was finished and ready for use on September 30, 2015. Expenditures for the construction were as follows:

Januart 2, 2014	$400,000
September 1, 2014	1,200,000
December 31, 2014	1,200,000
March 31, 2015	1,200,000
September 30, 2015	800,000

Indian River Groves borrowed $2,200,000 on a construction loan at 12% interest on Jan 2, 2014. This loan was outstanding during the construction period. The comany also had $8,000,000 in 9% bonds outstanding in 2014 and 2015.

Q1. What were the weighted-average accumulated expenditures for 2015 by the end of the construction period?

Q2. The interest capitalized for 2015 was: