Meriter Company began construction of a new building during 2025. The building is expected to be completed on December 31,2025 . During 2025, payments to the contractor are $500,000 on January 4,$300,000 on May 1 , and $420,000 on October 1. Meriter has secured a construction loan of $500,000 at 6% interest on January 4,2025 . The company also has $10,000,000 in 9% bonds outstanding in 2026 and 2025. What is the interest amount to capitalize? Interest to capitalize $