On March 1, 2020, Bramble Corp. purchased land for an office site by paying $2604000 cash. Bramble began construction on the office building on March 1. The following expenditures were incurred for construction:

Date Expenditures March 1, 2020 $1740000 April 1, 2020 2400000 May 1, 2020 4476000 June 1, 2020 4716000

The office was completed and ready for occupancy on July 1. To help pay for construction, and purchase of land $3560000 was borrowed on March 1, 2020 on a 9%, 3-year note payable. Other than the construction note, the only debt outstanding during 2020 was a $1590000, 12%, 6-year note payable dated January 1, 2020.

The weighted-average accumulated expenditures on the construction project during 2020 were

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