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On January 2, 2020, Coronado Industries began construction of a new citrus processing plant. The automated plant was finished and ready for use on September

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On January 2, 2020, Coronado Industries began construction of a new citrus processing plant. The automated plant was finished and ready for use on September 30, 2021. Expenditures for the construction were as follows: January 2, 2020 $ 610000 September 1, 2020 1812000 December 31, 2020 1812000 March 31, 2021 1812000 September 30, 2021 1214000 Coronado Industries borrowed $3310000 on a construction loan at 10% interest on January 2, 2020. This loan was outstanding during the construction period. The company also had $13440000 in 7% bonds outstanding in 2020 and 2021. What were the weighted-average accumulated expenditures for 2021 by the end of the construction period? $906000 $4355400 $4172550 $5984550

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