On December $31,2024,$ Whispering Inc. borrowed $$3,660,000$ 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 $1,$ $$439,200$; June $1,$ $$732,000$; July $1,$

$$1,830,000$; December $1,$ $$1,830,000.$ 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

$$4,880,000$

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

$1,952,000$

March $1,2025,$ expenditure included land costs of $$183,000.$

Interest revenue of $$59,780$ earned in $2025.$