Tyrese Haliburton Corporation hired Indiana Pacers Inc. to design and build a complete remodeling of Tyrese Haliburton Corporation's production facility. Construction began on June 1, 2023 and was completed on December 31, 2023. Grande made the following payments to Aspen, Inc. during 2023: Payment Date June 1, 2023 $2,500,000 August 31, 2023 December 31, 2023 2,000,000 In order to help finance the construction, Tyrese Haliburton Corporation issued the following during 2023: 3,200,000 1. $1,700,000 of 10-year, 9% bonds payable, issued at par on May 31, 2021, with interest payable annually on May 31. 2. 250,000 shares of no-par common stock, issued at $10 per share on October 1, 2021 In addition to the 9% bonds payable, the only debt outstanding during 2022 was a $425,000, 12% note payable dated January 1, 2019 and due January 1, 2029, with interest payable annually on January 1. 1. Weighted-average accumulated expenditures qualifying for capitalization of interest cost. 2. Avoidable interest incurred during 2