Question 9 On March 1, Mocl Co. began construction of a small building. The following expenditures were incurred for construction: March 1 Aprili May 1 June 1 July 1 $303,000 296,000 739,500 1,149,000 386,000 The building was completed and occupied on July 1. To help pay for construction $203,000 was borrowed on March 1 on a 12%, three- year note payable. The only other debt outstanding during the year was a $2,000,000, 10% note issued two years ago. Calculate the weighted average accumulated expenditures. (Do not leave any answer field blank. Enter o for amounts.) Date Weighted Average Capitalization Period Accumulated Expenditure Expenditures $303,000 March 1 4/12 101000 April 1 296,000 74000 May 1 739,500 3/12 2/12 1/12 123250 June 1 1,149,000 95750 July 1 386,000 0 394000 Calculate avoidable interest. (Round answer to 0 decimal places, e.g. 12,515.) Avoidable interest