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: $5,500,000, 6% note $11,100,000, 10% bonds Construction expenditures incurred were as follows:

March 31, 2021	$	3,550,000
June 30, 2021		5,550,000
November 30, 2021		1,710,000
February 28, 2022		2,550,000

The companys 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.)