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In: AccountingProblem 4Acme, Inc., a subsidiary of J & J, during 2015, began andcompleted a...Problem 4Acme, Inc., a subsidiary of J & J, during 2015, began andcompleted a small warehouse. Construction on the warehouse beganJanuary 2, of 2015. Expenditures were made as follows: January 2,$1,000,000, March 1, $900,000, July 1, $400,000 and Oct. 1,$800,000. J & J financed the project by issuing $1,000,000 instock at the beginning of 2015 and borrowed $1,200,000 from TheLast National Bank at an interest rate of 8%. In addition, Acme hadthe following debt: $1,000,000, interest rate of 9% borrowed in2010, $2,000,000, 10% note borrowed in 2012.Requirements:a. Calculate the 2015 weighted average accumulatedexpendituresb. How much is avoidable interestc. How much is actual interestd. Make the entry capitalizing the interest.Note, interest is not paid on stock. Please show all yourcalculations. thanks.