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: 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