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Agasse Industries began construction of a new facility and took out a $ 1 , 5 0 0 , 0 0 0 , 8 %

Agasse Industries began construction of a new facility and took out a $1,500,000,8% construction loan on April 1,2024. Agasse made
payments to the general contractor of $454,000 on April 1, $954,000 on August 31, and $554,000 on December 31.
Required:
Compute the amount of interest that Agasse would capitalize in 2024.
Note: Do not round intermediate calculations.
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