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

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Accounting

Nash Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were
$1,812,000 on March 1, $1,212,000 on June 1, and $3,014,000 on December 31.
Nash Company borrowed $1,071,000 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, $2,031,000 note payable and an 11%,4-year, $3,170,000 note payable. Compute
avoidable interest for Nash 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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