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Question 1: Johnson Company hired a contractor to design and construct a new headquarters facility in Long Island City. Construction was begun on 4/1/20 and was completed on 12/31/20. Johnson made the following payments on the contract during 2020: Date Payment 4/1 2,000,000 8/31 7,000,000 12/31 3,000,000 In order to help finance the construction, Johnson issued the following during 2020: a) $1,500,000 of 10-year, 6% bonds payable, issued at par on 4/1/20, with interest payable annually on 4/1. b) 1,000,000 shares of no-par common stock, issued at $10 per share on 6/1/20. In addition to the 6% bonds payable, the only debt outstanding during 2020 was a $4,000,000, 5% note payable dated 1/1/14 and due 1/1/24, with interest payable annually on 1/1. Compute the weighted average accumulated expenditures qualifying for capitalization of interest cost, the avoidable interest incurred during 2020, and the total amount of interest cost to be capitalized during 2020