On June 1, 2025, Swifty contracted with Black Construction to have a new building constructed for $4,240,000 on land owned by Swifty. The payments made by Swifty to Black Construction are shown in the schedule below. Date Amount July 30, 2025 $954,000 January 30, 2026 1,590,000 May 30, 2026 1,696,000 Total payments $4,240,000 Construction was completed and the building was ready for occupancy on May 27, 2026. Swifty had no new borrowings directly associated with the new building but had the following debt outstanding at May 31, 2026, the end of its fiscal year. 10%, 5-year note payable of $2.120,000, dated April 1, 2022, with interest payable annually on April 1. 12%, 10-year bond issue of $3,180,000 sold at par on June 30, 2018, with interest payable annually on June 30. (a) Compute the weighted-average accumulated expenditures on Swifty's new building during the capitalization period. Weighted-average accumulated expenditures $ eTextbook and Media Save for Later Attempts: 0 of 15 used Submit