On March 1, Jennifer Co. began construction of a small building. The following expenditures were incurred for construction: March 1 April 1 May 1 June 1 July 1 $316,500 263,000 748,500 1,095,000 398,000 The building was completed and occupied on July 1. To help pay for construction $216,500 was borrowed on March 1 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. Calculate the weighted average accumulated expenditures. (Do not leave any answer field blank. Enter O for amounts.) Date Capitalization Period Expenditures $316,500 Weighted-Average Accumulated Expenditure $ March 1 April 1 263,000