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Hawkins Corporation began construction of a motel on March 31, 2021. The project was completed on April 30, 2022. No new loans were required to

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Hawkins Corporation began construction of a motel on March 31, 2021. The project was completed on April 30, 2022. No new loans were required to fund construction. Hawkins does have the following two interest-bearing liabilities that were outstanding throughout the construction period: $4,900,000, 6% note $22,660,000, 10% bonds Construction expenditures incurred were as follows: March 31, 2021 $4, 810, 000 June 30, 2021 6, 810, 000 November 30, 2021 1, 962, 060 February 28, 2022 000'OT8'E The company's fiscal year-end is December 31. Required: Calculate the amount of interest capitalized for 2021 and 2022. (Round weighted average interest rate to 2 decimal places and final answers to the nearest whole dollar.) 2021 +022 Amount of interest

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