On March 1 2020, Mocl Co. began construction of a building. The following expenditures were incurred for construction: March 1, 2020 $300,000 June 1, 2020 296,000 July 1, 2020 720,000 January 1, 2021 1,080,000 February 28, 2021 400,000 The building was completed and occupied on March 1, 2021. To help pay for construction, $1,000,000 was borrowed on March 1, 2020 on a 12%, three-year note payable. The only other debt outstanding during the year was a $2,000,000, 10% note issued two years ago. I (a) Calculate the weighted-average accumulated expenditures (10 points). March 1, 2020 June 1, 2020 July 1, 2020 January 1, 2020 February 28, 2021 weighted average accumulated expenditures