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: $5,500,000, 6% note $11,100,000, 10% bonds Construction expenditures incurred were as follows: March 31, 2018 June 30, 2018 November 30, 2018 February 28, 2019 $3,550,000 5,550,000 1,710,000 2,550,000 The company's 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.) 2018 2019 Amount of interest