Crane, Inc. has a fiscal year ending April 30. On May 1, 2017, Crane borrowed $10,532,000 at 11% to finance construction of its own building. Repayments of the loan are to commence the month following completion of the building. During the year ended April 30, 2018, weighted-average accumulated expenditures were $3,686,200. Interest earned on the unexpended portion of the loan amounted to $684,580 for the year. How much should be shown as capitalized interest on Cranes financial statements at April 30, 2018?

Capitalized interest on Cranes financial statements $