Sheffeld Company is constructing a building. Construction began on February 1 and was completed on December 31 . Expenditures were $1,992,000 on March 1, $1,272,000 on June 1, and $3,046,000 on December 31 . Shetfield Company borrowed $1,116,000 on March 1 on a 5-year, 12% note to help finance construction of the buliding. In addition, the company had outstanding all year a 9%,5-year, $2,383,000 note payable and an 10%,4 year, $3,634,000 note payable, Compute avoidable interest for Sheffield Company. Use the weighted-average interest rate for interest capitalization purposes. (Round weighted-average interest rate to 4 decimal places, e.8. 0.2152 and final answer to 0 decimal places, e.8. 5,275.) Avoidable interest $