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Amount of interest for 2024 is correct at 611055, please help calculate the 2025 amount of interest with detailed explanation. Hawkins Corporation began construction of

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Amount of interest for 2024 is correct at 611055, please help calculate the 2025 amount of interest with detailed explanation.

Hawkins Corporation began construction of a motel on March 31, 2024. The project was completed on April 30, 2025. No new loans were required to fund construction. Hawkins does have the following two interest-bearing liabilities that were outstanding throughout the construction period: $4,400,000,6% note $18,960,000,10% bonds Construction expenditures incurred were as follows: The company's fiscal year-end is December 31. Required: Calculate the amount of interest capitalized for 2024 and 2025. Note: Round weighted average interest rate to 2 decimal places and final answers to the nearest whole dollar

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