Grouper, Inc. has a fiscal year ending April 30. On May 1, 2020,Grouperborrowed $9,912,000at11% 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, 2021, weighted-average accumulated expenditures were $3,469,200. Interest earned on the unexpended portion of the loan amounted to $644,280for the year.

How much should be shown as capitalized interest onGrouper's financial statements at April 30, 2021?