Bone Thugs-n-Harmony incurs the expenditures listed below for constructing its corporate headquarters. They took out a $250,000 loan at 8% for the construction. They also have 2 additional loans: 500,000 at 10%, 200,000 at 6%. All loans were outstanding as of 1/1/2019 and were still outstanding when construction was completed on 4/30/2020.

Date

Expenditure

1/1/2019

$100,000.00

9/1/2019

$360,000.00

1/1/2020

$400,000.00

3/1/2020

$120,000.00

How much interest does Bone Thugs-n-Harmony capitalize in 2020?