Kingbird, Inc. has a fiscal year ending April 30. On May 1, 2025, Kingbird borrowed $10,862,000 at 11% to finance construction of its own building. Repayments of the loan are to commence the month following completion of the building. During the year ended April 30,2026 , expenditures for the partially completed structure totaled $7,603,400 (weighted-average accumulated expenditures were $3,801,700 ). Interest earned on the unexpended portion of the loan amounted to $706,030 for the year. How much should be shown as capitalized interest on Kingbird's financial statements at April 30, 2026? Capitalized interest on Kingbird's financial statements