Question 8.1 (Total: 20 marks; 10 marks each for part 1 and 2) On March 1, Brookmeadow Corp. began construction of a small building. The following expenditures were incurred for construction: Dates Expenditures Mar. 1 $ 75,000 84,000 Apr. 1 May 1 180,000 June 1 300,000 July 1 100,000 The building was completed and occupied on July 1. To help pay for construction, $ 60,000 was borrowed on March 1 on a 10%, three year note payable. The only other debt outstanding during the year was a $ 500,000, 8% note issued two years ago Required 1. Calculate the weighted-average accumulated expenditures. 2. Calculate avoidable interest