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Kingbird Company is constructing a building. Construction began on February 1 and was completed on...

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Accounting

Kingbird Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $2,040,000 on March 1,$1,320,000 on June 1, and $3,045,000 on December 31.
Kingbird Company borrowed $1,026,000 on March 1 on a 5-y ear, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 10%,5-year, $2,085,000 note payable and an 11%,4-year,$3,796,000 note payable. Compute avoidable interest for Kingbird Company. Use the weighted-average interest rate for interest capitalization purposes. (Round weighted-average interest rate to 4 decimal places, e.g.0.2152 and final answer to 0 decimal places; e.g.5,275.)
Avoidable interest $
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