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: $4,000,000, 6% note $16,000,000, 10% bonds Construction expenditures incurred were as follows: March 31, 2024 June 30, 2024 November 30, 2024 February 28, 2025 $ 4,000,000 6,000,000 1,800,000 3,000,000 The company's fiscal year-end is December 31. Required: Calculate the amount of interest capitalized for 2024 and 2025. Note: Round weighted average interest rate to 1 decimal places. 2024 2025 Amount of interest $ 542.800 $ 680.800