A company constructs a building for its own use within one year. Weighted average expenditures for construction $1,250,000 Construction loan, 10%, starting January 1 800,000 Long-term note, 8%, outstanding all year 2,000,000 Long-term loan, 6%, outstand ing all year 3,000,000 Assuming the company uses the specific interest method, calculate the amount of interest capitalized for the year.