Agasse Industries began construction of a new facility and took out a $1,500,000, 10% construction loan on April 1, 2021. Agasse made payments to the general contractor of $346,000 on April 1, $846,000 on August 31, and $446,000 on December 31. Required: Compute the amount of interest that Agasse would capitalize in 2021. (Do not round intermediate calculations.)