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: $5,800,000, 6% note $8,520,000, 10% bonds Construction expenditures incurred were as follows:

March 31, 2018$3,280,000

June 30, 2018 5,280,000

November 30, 2018 1,656,000

February 28, 2019 2,280,000

The companys 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.)