A company constructs a building for its own use. Construction began on January'l and ended on December 30. The expenditures for construction were as follows: January 1, $530,000; March 31, $630,000; June 30, $430,000; October 30. $690,000. To help nance construction, the company arranged a 10% construction loan on January 1 for $760,000. The company's other borrowings, outstanding for the whole year, consisted of a $4 million loan and a $6 million note with interest rates of 13% and 6%, respectively. Assuming the company uses the specic interest method, calculate the amount of interest capitalized for the year. {Do not round intermediate calculations. Round your percentage answers to 2 decimal places {i.e. 0.1234 should be entered as 1234961.} __II: __II: __II: __II: Accumulated expenditures $ 2,280,000 $ 1,332,500