on june 1 contracted with black construction to have a new building constructed for $4,000,000 on land owned by white snow. the payment made by white snow to black construction construction was completed compute the avoidable interest on

Problem 2: 130 point) On June 1. 2020. White Snow Corp, contracted with Black Construction to huve a new building constructed for $4,000,000.00 land owned by White Snow. The payments made by White Snow to Black Construction are shown in the schedule as follow: July 31, 2020: S 900.000.- hmung 31. 2022:3 2.500.000: Mw31!.MO: $ 7.612.000 Construction was completed and the buikline was ready for occupuncy on May 25, 2021. While Snow had no mew borrowines directly asciute with the new building but hnd the following debt outstanding on May 31, 2021. the end of its fiscal year. 10/0% 5-year note papable of 52,000,000. dated April 1. 2017. w interes: prouble annually on Wpril 1. (2) 12% 10-year bond issue of $3.000.000 sold at par an June 30, 2012. with interest powable annually on June 30. Inuridion: Campule the avoidable interest on White Snow" new building. (Round to one decimal place.) Inblum 3:30 poin)