Alpha Company is constructing a production complex that qualifies for interest capitalization. The following information is available: 1. Capitalization period: January 1, 2018 to June 30, 2019 2. Expenditures on the project: 2018: January 1 $650,000 May 1 300,000 October 1 700,000 2019: March 1 June 30 $1,359,000 750,000 3. Amounts borrowed and outstanding: a. $1.5 million borrowed at 10%,on January 1, 2018 specifically for the project b. $6 million borrowed on July 1, 2017, at 12% C. $14 million borrowed on January 1, 2013, at 7% Required: 1. Compute the amount of interest costs capitalized each year. 2. If it is assumed that the production complex has an estimated life of 20 years and a residual value of $0, compute the straight-line depreciation in 2019