3. (5 points) A building was constructed last year for Agro Co. for use as a production facility. Construction began on January 1 and was completed on December 31. The payments to the contractor were as follows. To finance construction of the building, a $1,100,000,10.5% construction loan was taken out on January 1 . The loan was repaid on December 31 . The firm had two sources of general debt: $800,000 note payable, 9% annual interest, and $1,200,000 par value bonds, 12% annual interest. Determine the amount of interest to be capitalized