On March 1, Gatt Co. began construction of a small building. The following expenditures were incurred for construction: March 1 April 1 May 1 June 1 July 1 $75,000 $74,000 $180,000 $270,000 |$100,000 The building was completed and occupied on July 1. To help pay for construction $50,000 was borrowed on March 1 on a 12%, three-year note payable. The only other debt outstanding during the year was a $500,000, 10% note issued two years ago. Instructions (a) Calculate the weighted average accumulated expenditures. (b) Calculate avoidable interest