Net income $$70,000,$ tax rate $25\%,$ and loss from discontinued operations net of tax $$5,000.$ Compute the income before income tax.

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During $2021,$ Kamal Co$.$ incurred average accumulated expenditures of $$400,000*$ during construction of assets that qualified for capitalization of interest. The company has two debts outstanding during $2021.$ the first is a $$500,000,10\%,5$ year note payable dated January $1,2019.$ the second is a specific construction debt of $$300,000,8\%,3-$year note payable dated September $1,2020.1-$compute the amount of actual interest during $2021.2-$ compute the amount of avoidable interest during $2021.$

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