3. On April 1, 2023, GreenScape Co. contracted EarthBuilders to construct a new environmentally-friendly park for $2,000,000. GreenScape made payments for the construction as follows: June 1, $500,000, August 1, $600,000, and December 31, $900,000. The construction was completed, and the park was ready for use on December 31, 2023. GreenScape had the following outstanding debt as of December 31, 2023:
   i) A 9% four-year note to finance construction of the park, dated December 31, 2022, with interest payable annually on December 31. Principal amount: $1,000,000.
   ii) A 7% six-year note payable, dated December 31, 2020, with interest payable annually on December 31. Principal amount: $700,000.
   iii) 10% ten-year bonds issued on December 31, 2019, with interest payable annually on December 31. Principal amount: $600,000.

   Required:
   i) Determine the amount of interest to be capitalized in 2023 in relation to the construction of the park.
   ii) Prepare journal entries for GreenScape Co. during 2023.