Emerson Enterprises is building a building. Construction began in 2016 and the building was completed on December 31, 2016. Emerson made payments to the construction company of $600,000 on July 1, $1,800,000 on September 1, and $2,400,000 on December 31. What is the amount of average accrued -expenses that provide the basis for determining the capitalizable interest?

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