On March 1, Mod Co. began construction of a small building. The following expenditures were incurred for construction: March 1 $225,000 May 1 540, 000 July 1 300, 000 April 1 $222,000 June 1 810, 000 The building was completed and occupied on July 1. To help pay for construction $150, 000 was borrowed on March 1 on a 12%, three-year note payable. The only other debt outstanding during the year was a $1,500, 000,10% note issued two years ago. Instructions (a) Calculate the weighted-average accumulated expenditures. (b) Calculate avoidable interest