On December 31, 2013, Main Inc. borrowed $4,200,000 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, $504,000; June 1, $840,000; July 1, $2,100,000; December 1, $2,100,000. The building was completed in February 2015. Additional information is provided as follows Other debt outstanding 10-year, 12% bond, December 31, 2007, interest payable annually 6-year, 11% note, dated December 31, 2011, interest payable annually $5,600,000 $2,240,000 2. March 1, 2014, expenditure included land costs of $210,000 3. Interest revenue earned in 2014 $68,600 Your answer is incorrect. Try again. 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 $1