Wildhorse Company is constructing a building. Construction began on February 1 and was complete Expenditures were $2,004,000 on March 1,$1,284,000 on June 1 , and $3,055,000 on December 31. Wildhorse Company borrowed $1,163,000 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, $2,377,000 note payable and an 11%,4-year, $3,691,000 note payable. Compute avoidable interest for Wildhorse Company. Use the weighted-average interest rate for interest capitalization purposes. (Round weighted-average interest rate to 4 decimal places, eg. 0.2152 and final answer to 0 decimal places, es. 5,275. Avoidable interest $