3 On December 21, 2013, Jumble Inc. borrowed $1,000,000 at 10 % payable annually to finance the construction of a new bulding, In 2014, the company made the following expenditures related to this build ing. 1-Jun $400,000 1-Jul $600,000 1-Sep $1,200,000 1-Dec $600,000 The building was completed in April 2015. Additional informaiton is provided as follows. 1 Other debt outstanding 10-year, 8% bond, dated December 31, 2012, interest payable annually 15-year, 10% note, dated December 31, 2009, interest payable annually $10,000,000 $2,500,000 $6,000 2 Interest revenue earned in 2014 Instructions: Determine the amount of interest to be capitalized in 2014 in relation to the construction of the building Prepare the journal entry to record the capitalization of interest and the recognition of interest expense, if any, at December 31, 2014 b