Please answer parts A-E. Please show ALL work and computations for answers. Please do not answer if you are unable to answer all parts A-E or unable to show all work and computations for answers

Exercise 3 Snowbird Company is constructing a building that qualifies for interest capitalization. It is built between January 1 and December 31, 2020. Snowbird made the following expenditures: April 1, $396,000; July 1, $400,000; September 1, $510,000; and December 1, $120,000. The company borrowed $500,000 at 12% to help finance the project. In addition, the company outstanding borrowings of $2,000,000 at 8% and $1,000,000 at 9%.

Instructions: Determine the following. You must show supporting computations to receive credit. a. Weighted average of Expenditures b. The avoidable interest c. The total interest for 2020 d. The journal entry to accrue the total interest for 2020 e. The journal entry to capitalize the interest as part of the cost the building.