Christopher company borrowed $$6$ million at $11\%$ on January $1,2016,$ to build a new building. The building is expected to take $18$ months to complete. Christopher invests the money from the project until it is needed for construction. He is currently earning $10\%.$ The following is the expenditures as they relate to the construction of the building.

January $1$ $$1,500,000$

April $1$ $$1,850,000$

October $1$ $$1,100,000$

December $31$ $$1,000,000$

Required:

$1.$ Compute the amount of interest expense Christopher would capitalize.

$2.$ Compute the amount of interest revenue Christopher would recognize.