On December 31, 2016, Metlock Inc. borrowed $990,000 at 12% payable annually to finance the construction of a new building. In 2017, the company made the following expenditures related to this building: June 1, $396,000; July 1, $594,000; September 1, $1,188,000; December 1, $594,000. The building was completed in April 2018. Additional information is provided as follows. 1. Other debt outstanding 10-year, 10% bond, dated December 31, 2010, interest payable annually $9,900,000 15-year, 12% note, dated December 31, 2004, interest payable annually $2,475,000 2. Interest revenue earned in 2017 $5,940 (a) Determine the amount of interest to be capitalized in 2017 in relation to the construction of the building. (Round answer to O decimal places, e.g. 5,125.) The amount of interest $ eTextbook and Media