Cullumber, Inc. has a fiscal year ending June 30 . On July 1, 2025, Cullumber borrowed $4,500,000 at 10% 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 June 30,2026 , expenditures for the partially completed structure totaled $1,350,000. These expenditures were incurred evenly throughout the year. Interest earned on the unexpended portion of the loan amounted to $108,900 for the year. How much should be shown as capitalized interest on Cullumber's financial statements at June 30,2026? Capitalized interest on Cullumber's financial statements