On December 31, 2013, Main Inc. borrowed $3,330,000 at 13% payable annually to finance the construction of a new building. In 2014, the company made the following expenditures related to this building: March 1, $399,600; June 1, $666,000; July 1, $1,665,000; December 1, $1,665,000. The building was completed in February 2015. Additional information is provided as follows.

1.	Other debt outstanding
10-year, 12% bond, December 31, 2007, interest payable annually	$4,440,000
6-year, 11% note, dated December 31, 2011, interest payable annually	$1,776,000
2.	March 1, 2014, expenditure included land costs of $166,500
3.	Interest revenue earned in 2014	$54,390

(a)

Determine the amount of interest to be capitalized in 2014 in relation to the construction of the building. (Round answer to 0 decimal places, e.g. 5,275.)

The amount of interest

$