On December 31, 2019, Nash inc. borrowed $3,300,000 at 13% payable annually to finance the construction of a new building in 2020, the company made the following expenditures related to this building: March 1, $396,000 : June 1, $660,000 : July 1, \$1,650,000: December 1,\$1,650,000. The building was completed in February 2021. Additional information is a rrovided as follows. 4 Vour answer is incorrect. Determine the amount of interest to be capitalized in 2020 in relation to the construction of the building The amount of interest 2 Your answer is partially correct: Prepare the journal entry to record the capitalization of interest and the recognition of interest expense, if any, at December 31 . 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.)