Agasse Industries began construction of a new facility and took out a $1,500,000, 8% construction loan on April 1, 2018. Agasse made payments to the general contractor of $481,000 on April 1, $981,000 on August 31, and $581,000 on December 31 Required: Compute the amount of interest that Agasse would capitalize in 2018. (Do not round intermediate calculations.)