On December $31,2024,$ Culver Inc. borrowed $$930,000$ at $13\%$ payable annually to finance the construction of a new building. In $2025,$ the company made the following expenditures related to this building: June $1,$$$372,000$; July $1,$$$558,000$; September $1,$ $$1,116,000$; December $1,$$$558,000.$ The building was completed in April $2026.$ Additional information is provided as follows:

Other debt outstanding

$10-$year, $11\%$ bond, dated December $31,2018,$ interest payable annually

$$9,300,000$

$15-$year, $13\%$ note, dated December $31,2012,$ interest payable annually

$$2,325,000$

Interest revenue earned in $2025$

$$5,580$

Prepare the journal entry to record the capitalization of interest and the recognition of interest expense, if any, at December $31,2025.($Round answers to $0$ decimal places, e$.$g$.5,125.$ Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$