Early in 2017, Dobbs Corporation engaged Kiner, Inc. to design and construct a complete modernization of Dobbs's manufacturing facility. Construction was begun on June 1, 2017 and was completed on December 31, 2017. Dobbs made the following payments to Kiner, Inc. during 2017: Date June 1, 2017 Payment $1959851 3033209 2333692 August 31, 2017 December 31, 2017 In order to help finance the construction, Dobbs issued the following during 2017: 1, $1672050 of 10-year, 11% bonds payable, issued at par on May 31, 2017, with interest payable annually on May 31 2. 308842 shares of no-par common stock, issued at $10 per share on October 1, 2017 In addition to the 11% bonds payable, the only debt outstanding during 2017 was a $442407, 8% note payable dated January 1, 2013 and due January 1, 2023, with interest payable annually on January 1 Instructions Compute the amount of the total amount of interest cost to be capitalized during 2017