4. The Lambert Company begins a two-year construction project on a new building on January 1, 2018. The following information is available: Capitalization period: January 1, 2018 - June 30, 2019 Expenditures related to the construction: 2018 January 1 $300,000 April 1 600,000 October 1 700,000 December 1 400,000 2019 January 1 $500,000 * April 1 100,000 *Only includes construction costs incurred in January 2019. Amounts borrowed and outstanding: $1,000,000 at 9% borrowed specifically for the project $8,000,000 at 10% $6,000,000 at 11% Prepare the journal entries to record the interest capitalization for 2018 and 2019, respectively. (For interest calculations, use 2 decimal points)