On March 1, Bramble Co. began construction of a small building. The following expenditures were incurred for construction:

$297,600 March 1

April 1 289,200

May 1 792,000

June 1 999,600

401,000 July 1

The building was completed and occupied on July 1. To help pay for construction $181,000 was borrowed on March 1 on a 12%, three- year note payable. The only other debt outstanding during the year was a $1,942,000, 10% note issued two years ago.

(a) Calculate the weighted-average accumulated expenditures.

(b) Calculate avoidable interest.

(c) At what amount will the building be recorded on Aardvark's books?