PearlFurniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $13,500,000 on January 1, 2020. Pearl expected to complete the building by December 31, 2020. Pearl has the following debt obligations outstanding during the construction period. Construction loan-12\% interest, payable semiannually, issued December 31,2019 Short-term loan-10\% interest, payable monthly, and principal payable at maturity on May 30,20214,050,000 Long-term loan-11\% interest, payable on January 1 of each year. Principal payable on January 1,2024 2,700,000 (a) Assume that Pearl completed the office and warehouse building on December 31,2020 , as planned at a total cost of $14,040,000, and the weighted-average amount of accumulated expenditures was $9,720,000. Compute the avoidable interest on this pi ject. (Use interest rates rounded to 2 decimal places, es. 7.58\% for computational purposes and round final answers to 0 decimal places, eg. 5,275.) Avoidable Interest Compute the depreciation expense for the year ended Decertber 31, 2021. Pearl elected to depreciate the building on a straightline basis and determined that the asset has a useful life of 30 years and a salvage value of $810.000. (Round answer to 0 decimal places, es. 5,275.) Depreciation Expense