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: $5,100,000, 6% note $14,540,000, 10% bonds Construction expenditures incurred were as follows:

March 31, 2021	$	3,910,000
June 30, 2021		5,910,000
November 30, 2021		1,782,000
February 28, 2022		2,910,000

The companys fiscal year-end is December 31. Required: Calculate the amount of interest capitalized for 2021 and 2022