INSTRUCTIONS: There are two parts to this handout (A and B). The handout should ideally be completed in groups of 2-4 students. Part A: Self-Constructed Asset On June 1, 2018, Tiger Manufacturing began construction on a new factory to be used in its operations. During 2018, the following expenditures were made related to the project, which was completed on December 31, 2018. May 1 $750,000 June 1 350,000 July 31 250,000 Nov. 30 150,000 Total $1,500,000 Tiger had the following debt outstanding in 2018. Interest on each debt item is payable annually. On May 1, 2017, Tiger issued a $660,000, 5-year, specific construction note with a stated rate of 1.5% On March 1, 2018, Tiger issued $800,000 of 10-year bonds with a stated rate of 1% On March 1, 2018, Tiger issued $1,200,000 of 20-year bonds with a stated rate of 1.25% 1. Calculate the amount of interest to be capitalized by Tiger during 2018. Round any intermediary calculations and your final answer to the nearest whole dollar