Time left 0:25: On March 1, Moja Co. began construction of a small building. The following expenditures were incurred for construction: March 1 75,000 April 1 74,000 May 1 180,000 June 1 270,000 July 1 100,000 The building was completed and occupied on July 1. To help pay for construction 50,000 was borrowed on March 1 on a 12%, three-year note payable. The only other debt outstanding during the year was a 500,000, 10% note issued two years ago. The avoidable interest is a. 10,000 b. 10,600 OC. 4,600 Time left 0:25: On March 1, Moja Co. began construction of a small building. The following expenditures were incurred for construction: March 1 75,000 April 1 74,000 May 1 180,000 June 1 270,000 July 1 100,000 The building was completed and occupied on July 1. To help pay for construction 50,000 was borrowed on March 1 on a 12%, three-year note payable. The only other debt outstanding during the year was a 500,000, 10% note issued two years ago. The avoidable interest is a. 10,000 b. 10,600 OC. 4,600