On December 31, 2016. Sarasota 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 25 year, 12% note dated December 31, 2004. interest payable annually Interest revenue earned in 2017 $9.900.000 $2.475,000 $5.940 21 ay Determine the amount of interest to be capitalized in 2017 in relation to the construction of the building (Round answer too decimal places, s.5.125) $ hemount of sterest Attempts of 1 used aper This will be available when you complete the parte