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: $5,000,000, 6% note $23,400,000, 10% bonds Construction expenditures incurred were as follows:

March 31, 2018	$	4,900,000
June 30, 2018		6,900,000
November 30, 2018		1,980,000
February 28, 2019		3,900,000

The companys fiscal year-end is December 31. Required: Calculate the amount of interest capitalized for 2018 and 201