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Venetian Inc. decided to open a new retail outlet in a neighboring town. On January 1, 2022, Venetian took out a $400,000 construction loan and

Venetian Inc. decided to open a new retail outlet in a neighboring town. On January 1, 2022, Venetian took out a $400,000 construction loan and purchased the land on January 15, 2022. Construction for the new store began on March 1, 2022. Information about 2022 construction expenditures and details about Venetian's borrowings are below:

Venetian Construction Expenditures2022

Payment for construction materials & labor

Jan. 6, 2022

$300,000

Payment for construction materials & labor

Mar. 31, 2022

50,000

Payment for construction materials & labor etc.

June 30, 2022

350,000

Payment for construction materials & labor.

Dec. 31, 2022

150,000

Venetian Borrowings

Construction loan for retail building project

Jan. 1, 2022

$400,000

6%

Note payable

Mar. 31, 2020

420,000

8%

Bond payable

Oct. 31, 2020

280,000

10%

What is the amount of weighted average expenditures for 2022? (do not use $ signs, commas or decimals in your answer)

What is the amount of avoidable interest? (do not use $ signs, commas or decimals in your answer)

What is the amount of actual interest? (do not use $ signs, commas or decimals in your answer)

What is the amount of interest capitalized? (do not use $ signs, commas or decimals in your answer)

What is the amount of interest expense? (do not use $ signs, commas or decimals in your answer)

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