On March 1, Lisa Co. began construction of a small building. The following expenditures were incurred for construction: March 1 $321,000 April 1 290,000 May 1 754,500 June 1 1,152,000 July 1 383,000 The building was completed and occupied on July 1. To help pay for construction $221,000 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. (a) Calculate the weighted-average accumulated expenditures. (Do not leave any answer field blank. Enter O for amounts.) Weighted-Average Date Expenditures Capitalization Period Accumulated Expenditure March 1 $321,000 $ April 1 290,000 May 1 754,500 > > June 1 1,152,000 July 1 383,000 (b) Save for Later > > $ +A Calculate avoidable interest. (Round answer to O decimal places, e.g. 12,515.) Avoidable interest $ Attempts: 0 of 1 used Submit Answer