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Crane Corporation began constructing a new plant facility in 2 0 2 5 . The building is expected to be completed on October 1 ,

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Crane Corporation began constructing a new plant facility in 2025. The building is expected to be completed on October 1,2025.2025 payments to the contractor are $216,000 on January 4,$294,000 on April 1,$348,000 on July 1 and $132,000 on September 1. Crane has secured a construction loan of $500,000 at 4% interest on January 4,2025. Crane has no other debt outstanding. What is the interest amount to capitalize?
Interest to capitalize $
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