Skysong Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $5,100,000 on January 1, 2019. Skysong expected to complete the building by December 31, 2019. Skysong has the following debt obligations outstanding during the construction period. Construction loan-11% interest, payable semi-annually, issued December 31, 2018, maturity on December 31, 2028 Short-term loan-9% interest, payable monthly, and principal payable at maturity on May 30, 2020 Long-term loan-10% Interest, payable on January 1 of each year. Principal payable on January 1, 2023 $2,184,000 1,550,000 961,000 Assume that Skysong completed the office and warehouse building on December 31, 2019, as planned at a total cost of $5,300,000, and the weighted-average accumulated expenditures was $3,589,000. Compute the avoidable interest on this project. (Round percentage to 2 decimal places, eg. 52.75% and final answer to O decimal places, e.g. 5,275.) Avoidable Interest $ eTextbook and Media Compute the depreciation expense for the year ended December 31, 2020. Skysong elected to depreciate the building on a straight-line basis and determined that the asset has a useful life of 30 years and a residual value of $274,000. (Round answer to O decimal places, eg. 5,275.) Depreciation Expense $