Hanson Company is constructing a building. Construction began on February 1 an

Hanson Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1500000 on March 1
$1224000 on June 1 and $3023000 on December 31.

Hanson Company borrowed $1183000 on March 1 on a 5-year 12% note to help finance construction of the building. In addition the company had outstanding all
year a 10% 5-year $2344000 note payable and an 11% 4-year $3204000 note payable. Compute avoidable interest for Hanson Company. (Round
computation for interest rate to 2 decimal places e.g. 2.25 and use the rounded amount for future calculations. Round final answer to 0 decimal places e.g.
210250.)