Blue Company began construction of a new building during $2025.$ The building is expected to be completed on December $31,2025.$ During $2025,$ payments to the contractor are $$600,000$ on January $4,$$$360,000$ on May $1,$ and $$492,000$ on October $1.$ Blue has secured a construction loan of $$488,000$ at $7\%$ interest on January $4,2025.$ The company also has $$8,350,000$ in $10\%$ bonds outstanding in $2026$ and $2025.$ What is the interest amount to capitalize?

Interest to capitalize $