Chapter 6 and 9 Question 4 of 4 < > Your answer is incorrect. 0/8 E Situation I On January 1, 2025, Wildhorse, Inc. signed a fixed-price contract to have Builder Associates construct a major plant facility at a cost of $4,354,000. It was estimated that it would take 3 years to complete the project. Also on January 1, 2025, to finance the construction cost, Wildhorse borrowed $4,354,000 payable in 10 annual installments of $435,400, plus interest at the rate of 10%. During 2025, Wildhorse made deposits and progress payments totaling $1,632,750 under the contract; the weighted- average amount of accumulated expenditures was $870,800 for the year. The excessorrowed funds were invested in short-term securities, from which Wildhorse realized investment income of $267,200. What amount should Wildhorse report as capitalized interest at December 31, 2025?