Q. In 2020, the Evonik Industries Inc. engaged Benner Inc. to design and construct a new manufacturing facility. The construction period was estimated to be one year and it should be completed on Dec. 31, 2020.

Date	Payment
Mar. 1, 2020	$550,000
Jun. 1, 2020	250,000
Jul. 31, 2020	950,000
Oct. 1, 2020	120,000
Dec. 31, 2020	150,000

The Evonik Industries Inc. issued the following during 2020 to finance the construction:

• 500,000 of 10-year, 10% bonds payable, issued on Feb. 2, 2020, with interest payable annually on Feb. 2.
• 100,000 of 5-year, 12% notes payable, issued on Feb. 15, 2020, with interest payable annually.

In addition, the only debt outstanding during 2020 was a $500,000, 8% note payable dated Mar. 15, 2015 and due Mar. 15 2022, with interest payable annually on Mar 15.

• Please try to confirm the weighted-average accumulated expenditures qualifying for capitalization of interest cost.
• Please try to confirm the avoidable interest incurred during 2020.
• Please try to confirm the total amount of interest cost to be capitalized during 2020.