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

March 1 $282,000

April 1 289,200

May 1 673,200

June 1 1,040,400

July 1 367,000

The building was completed and occupied on July 1. To help pay for construction $212,000 was borrowed on March 1 on a 12%, three-year note payable. The only other debt outstanding during the year was a $2,031,000, 10% note issued two years ago.

(a) Calculate the weighted-average accumulated expenditures. The weighted-average accumulated expenditures $enter the weighted-average accumulated expenditures in dollars