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Splish Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of obligations outstanding during the

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Splish Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of obligations outstanding during the construction period. Construction foan-12\% interest, payable semiannually, issoed December 31,2024 $5,800,000 Short-termi loan-10K interest, payable monthly, and principal payable at maturity on May 30, 2026 4.350000 Long-term toan-11\% interest, payable on lanuary 1 of each year; principat paysble on January 1.2029 2900000 (a) Assume that Splish completed the office and warehouse building on December 31.2025, as planned, at a total cost of $15,090,0,0, and the weighted-average amount of accumulated expenditures was $10,440,000 Compute the avoidable interest on this profect. fuse interest rates rounded to 2 decimal places, es. 7.598, for computational purposes and round final answers to 0. decimalploces, es 5,275 j Avoidable interest

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