Hawkins Corporation befan construction of a motel on March 31, 2018.

Hawkins Corporation began construction of a motel on March 31, 2018. The project was completed on April 30, 2019. No new loans were required to fund construction. Hawkins does have the following two interest-bearing liabilities that were outstanding throughout the construction period: $4,400,000, 6% note $18,960,000, 10% bonds Construction expenditures incurred were as follows: March 31, 2018 June 30, 2018 November 30, 2018 February 28, 2019 $4,360,000 6,360,000 1,872,000 3,360,000 The company's fiscal year-end Is December 31. Required: Calculate the amount of interest capitalized for 2018 and 2019, (Round weighted average interest rate to 2 decimal places and final answers to the nearest whole dollar) 2018 2019 Amount of Interest