Oriole Company is constructing a building Construction began on February 1 and was completed on December 31 . Expenditures were $2,028,000 on March 1, $1,308,000 on June 1, and $3,008,000 on December 31 . Oriole Company borrowed $1,114,000 on March 1 on a 5y year, 12% note to help finance construction of the building in addition, the company had outstanding all year a 10%,5-year, $2,484,000 note payable and an 11%,4 year, $3,232,000 note payable. Compute avoidable interest for Oriole Company. Use the weighted-average interest rate for interest capitalization purposes. (Round weighted: average interest rate to 4 decimal places, es. 0.2152 and finol answer to 0 decimal places, e.8. 5.275.) Avoldable interest $