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: $5,600,000, 6% note $10,240,000, 10% bonds Construction expenditures incurred were as follows:

March 31, 2018	$	3,460,000
June 30, 2018		5,460,000
November 30, 2018		1,692,000
February 28, 2019		2,460,000

The companys fiscal year-end is December 31. Required: Calculate the amount of interest capitalized for 2018 and 2019