On December $31,2024,$ Sheffield Inc. borrowed $$4,020,000$ 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,$$$482,400$; June $1,$$$804,000$; July $1,$

$$2,010,000$; December $1,$$$2,010,000.$ 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 $$5,360,000$

$6-$year, $11\%$ note, dated December $31,2022,$ interest payable annually $,2,144,000$

March $1,2025,$ expenditure included land costs of $$201,000.$

Interest revenue of $$65,660$ earned in $2025.$

$($a$)$

Your answer is incorrect.

Determine the amount of interest to be capitalized in $2025$ in relation to the construction of the building.

The amount of interest $