Early in 2014, Dobbs Corporation engaged Kiner, Inc. to design and construct a complete modernization of Dobbs's manufacturing facility. Construction was begun on June 1, 2014 and was completed on December 31, 2014. Dobbs made the following payments to Kiner, Inc. during 2014: Date Payment June 1, 2014 $9,000,000 August 31, 2014 6,000,000 7,500,000 December 31, 2014 The company had the following debt outstanding at December 31, 2014: 1. 10%, 5-year note to finance construction, dated January 1, 2014, with interest payable annually on January 1 $5,400,000 2. 12%, ten-year bonds issued at par on December 31, 2008, with interest payable annually on December 31 6,000,000 2. 12%, ten-year bonds issued at par on December 31, 2008, with interest payable annually on December 31 6,000,000 3. 996, 3-year note payable, dated January 1, 2013, with interest payable annually on January 1 3,000,000 Compute the amounts of each of the following 1. Interest to be capitalized 2. Actual Interest expense for the company for 2014