Crane Company is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were $6490000 on March 1, $5310000 on June 1, and $8750000 on December 31. Crane Company borrowed $3200000 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, $6380000 note payable and an 11%, 4-year, $12950000 note payable. What amount of interest should be charged to expense? O $1112368 O $2062500 O $1496368 O $7876368