Lakeshore Gelato Mfg. began construction of a warehouse on July 1, 20Y1. The project was completed on March 31, 20Y2. No new loans were required to fund construction. Lakeshore Gelato does have the following two interest-bearing liabilities that were outstanding throughout the construction period:

$4,000,000, 11% note
$6,000,000, 6% bonds

Construction expenditures incurred were as follows:

July 1, 20Y1	$	560,000
Sept 30, 20Y1		840,000
Nov 30, 20Y1		840,000
Jan 30, 20Y2		780,000

The companys fiscal year-end is December 31.

Required:

Calculate the amount of interest capitalized for 20Y1 and 20Y2.(Do not round the intermediate calculations. Round your percentage answers to 1 decimal place (i.e. 0.123 should be entered as 12.3%).)