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: $6,000,000, 6% note $6,800,000, 10% bonds Construction expenditures incurred were as follows: March 31, 2018 $ 3,100,000 June 30, 2018 5,100,000 November 30, 2018 1,620,000 February 28, 2019 2,100,000 The companys fiscal year-end is December 31.

Required: Calculate the amount of interest capitalized for 2018 and 2019. (Round weighted average interest rate to 2 decimal places and final answers to the nearest whole dollar.)