1. Sunny Inc is constructing a barn. Construction began on 2/1/20 and the barn was completed 12/31/20. Moo made payments to the construction company of $345,000 on 7/1, $578,000 on 8/1, and $200,000 on 11/1.

Sunny Inc took out a loan to help pay for this construction on 6/1/19 for $680,000 of which the principle and interest is all due on 3/1/21.  The loan has an interest rate of 8%.  Other loans that Sunny Inc has include 1) $400,000 5-year loan with a 4% interest that started 1/1/18 and 2) $240,000 3-year loan with a 7% interest that started 1/1/19.

1. 1. What is the maximum weighted average accumulated construction expenses that can be capitalized for 2020?  
2. 2. What is the amount of interest expense that is capitalized for 2020? 
3. 3. What is the balance of the Building Under Construction account as of 12/31/20 after all adjustments have been made? 
4. 4. What is the balance of the Interest Expense account as of 12/31/20 after all adjustments have been made?