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On January 2. 2025. Marigold Corp. began construction of a new citrus processing plant. The automated plant was finished and ready for use on September 30. 2025. Expenditures for the construction were as follows:
January 2, 2025 $ 592000
September 1, 2025 1808400
December 31, 2025 1808400
March 31, 2026 1808400
September 30, 2026 1220000
Marigold Corp. borrowed $3310000 on a construction loan at 10% interest on January 2. 2025. This loan was outstanding during the construction period. The company also had $13320000 in 7% bonds outstanding in 2025 and 2026.
What were the weighted-average accumulated expenditures for 2026 by the end of the construction period?
