On December 31, 2016, Shamrock Inc. borrowed $3,780,000 at 13% payable annually to finance the construction of a new building. In 2017, the company made the following expenditures related to this building: March 1, $453,600; June 1, $756,000; July 1, $1,890,000; December 1, $1,890,000. The building was completed in February 2018. Additional information is provided as follows. 1. Other debt outstanding 10-year, 14% bond, December 31, 2010, interest payable annually 6-year, 11% note, dated December 31, 2014, interest payable annually 2. March 1, 2017, expenditure included land costs of $189,000 3. Interest revenue earned in 2017 $5,040,000 $2,016,000 $61,740 V (a) Determine the amount of interest to be capitalized in 2017 in relation to the construction of the building. The amount of interests