On December $31,2024,$ Marigold Inc. borrowed $$3,240,000$ at $13\%$ payable annually to finance the construction of a new building. In

$2025,$ the company made the following expenditures related to this building: March $1,$ $$388,800$; June $1,$ $$648,000$; July $1,$

$$1,620,000$; December $1,$$$1,620,000.$ The building was completed in February $2026.$ Additional information is provided as follows.

Other debt outstanding:

$10-$year, $14\%$ bond, December $31,2018,$ interest payable annually

$$4,320,000$

$6-$year, $11\%$ note, dated December $31,2022,$ interest payable annually

$1,728,000$

March $1,2025,$ expenditure included land costs of $$162,000.$

Interest revenue of $$52,920$ earned in $2025.$