Question 3 On March 1, 2015, Newton Company purchased land for an office site by paying $540,000 cash. Newton began construction on the office building on March 1. The following expenditures were incurred for construction: Date Expenditures March 1, 2015 $ 360,000 April 1, 2015 504,000 May 1, 2015 900,000 June 1, 2015 1,440,000 The office was completed and ready for occupancy on July 1. To help pay for construction, $720,000 was borrowed on March 1, 2015 on a 9%, 3-year note payable. Other than the construction note, the only debt outstanding during 2015 was a $300,000, 12%, 6-year note payable dated January 1, 2015. The weighted-average accumulated expenditures on the construction project during 2015 were $312,000 O $696,000. O $2,934,000 O $384,000 MacBook Pro