Arlington Company is constructing a building. Construction began on January 1 and was completed on December 31 . Expenditures were $6,400,000 on March 1, \$5,280,000 on June 1, and $8,000,000 on December 31 . Arlington Company borrowed $3,200,000 on January 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 10%,3-year, $6,400,000 note payable and an 11%,4-year, $12,000,000 note payable. What amount of interest should be charged to expense approximately? $1,404,780$1,960,000$1,107,178$1,020,778