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Hawkins Corporation began construction of a motel on March 3 1 , 2 0 2 4 . The project was completed on April 3 0

Hawkins Corporation began construction of a motel on March 31,2024. The project was completed on April 30,2025. No new loans were required to fund construction. Hawkins does have the following two interest-bearing liabilities that were outstanding throughout the construction period:
$5,900,000,6% note
$7,660,000,10% bonds
Construction expenditures incurred were as follows:
March 31,2024 $ 3,190,000
June 30,20245,190,000
November 30,20241,638,000
February 28,20252,190,000
The companys fiscal year-end is December 31.
Required:
Calculate the amount of interest capitalized for 2024 and 2025.
Note: Round weighted average interest rate to 2 decimal places and final answers to the nearest whole dollar.

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