On January 2, 2017, Indian River Groves began construction of a new citrus processing plant. The automated plant was finished and ready for use on September 30, 2018. Expenditures for the construction were as follows: 2-Jan-17 $600,000
1-Sep-17 1,800,000
31-Dec-17 1,800,000
31-Mar-18 1,800,000
30-Sep-18 1,200,000

Indian River Groves borrowed $3,300,000 on a construction loan at 12% interest on January 2, 2020. This loan was outstanding during the construction period. The company also had $12,000,000 in 9% bonds outstanding in 2020 and 2021. Indian River Groves borrowed $3,300,000 on a construction loan at 12% interest on January 2, 2020. This loan was outstanding during the construction period. The company also had $12,000,000 in 9% bonds outstanding in 2020 and 2021.

Required:
a. What were the weighted-average accumulated expenditures for 2020?
b. The interest capitalized for 2020 was: