Q5. During 2023, Nate Building Company constructed various assets at a total cost of $8,400,000. The weighted average accumulated expenditures on assets qualifying for capitalization of interest during 2023 were $5,600,000. The company had the following debt outstanding at December 31,2023 : a. 10\%, 5-year note to finance construction of various assets, dated January 1, 2023, with interest payable annually on January 1$3,600,000 b. 12%, ten-year bonds issued at par on December 31,2018 , with interest payable annually on December 31 c. 9\%, 3-year note payable, dated January 1, 2022, with interest payable annually on January 1 Instructions: Compute the following amounts: [1] Actual interest during 2023. [2] Avoidable interest on construction. [3] Total interest to be capitalized during 2023