Sheridan Furniture Company tarted construction of a combination office and warehouse building for its own use at an estimated cost of $6,000,000 on January 1,2025 . Sheridan expected to complete the building by December 31, 2025. Sheridan has the following debt obligations outstanding during the construction period. (a) Your answer is correct. Assume that Sheridan completed the office and warehouse building on December 31.2025, as planned, at a total cost of $6,240,000, and the weighted-average amount of accumulated expenditures was $4,320,000. Compute the avoidable interest on this profect. (Use inferest rotes rounded to 2 decimal places, es. 7.58% for computational purposes and round finol answers to 0 decimal ploces, es 5,275.) Compute the depreciation expense for the year ended December 31,2026 . Sheridan elected to depreciate the building on a straight-line basis and determined that the asset has a useful life of 30 years and a salvage value of $360,000. (Round answer to 0 decimal places, es. 5,275. Depreciation expense