On December $31,2024,$ Larkspur Inc. borrowed $$1,290,000$ at $13\%$ payable annually to finance the construction of a new building. In $2025,$ the company made the following expenditures related to this building: June $1,$ $$516,000$; July $1,$ $$774,000$; September $1,$ $$1,548,000$; December $1,$$$774,000.$ The building was completed in April $2026.$ Additional information is provided as follows:

Other debt outstanding

$\backslash$table$[[10-$year, $11\%$ bond, dated December $31,2018,$ interest payable annually,$$12,900,000$