Splish Company is constructing a building. Construction began on February 1 and was completed on December 31 . Expenditures were $2,076,000 on March 1, $1,224,000 on June 1, and $3,057,000 on December 31 . Splish Company borrowed $1,116,000 on March 1 on a 5 -year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 10%,5-year, $2,075,000 note payable and an 11%,4-year, $3,717,000 note payable. Compute avoidable interest for Splish Company. Use the weighted-average interest rate for interest capitalization purposes. (Round weightedaverage interest rate to 4 decimal places, eg. 0.2152 and final answer to 0 decimal places, eg. 5. 275.) Avoidable interest $