On December 31, 2013, Main Inc. borrowed $4,500,000 at 12% payable annually to finance the construction of a new building. In 2014, the company made the following expenditures related to this building: March 1, $540,000; June 1, $900,000; July 1, $2,250,000; December 1, $2,250,000. The building was completed in February 2015. Additional information is provided as follows.

1.		Other debt outstanding
		10-year, 11% bond, December 31, 2007, interest payable annually		$6,000,000
		6-year, 10% note, dated December 31, 2011, interest payable annually		$2,400,000
2.		March 1, 2014, expenditure included land costs of $225,000
3.		Interest revenue earned in 2014		$73,500

(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

$