On December 31, 2019, Sweet Inc. borrowed $4,020,000 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, $482.400; June 1, $804,000; July 1 , $2,010,000 : December 1, \$2,010,000. The building was completed in February 2021. Additional information is provided as follows. (a) Determine the amount of interest to be capitalized in 2020 in relation to the construction of the building: The amount of interest Prepare the journal entry to record the capitalization of interest and the recognition of interest expense, if any, at December 31 . 2020. (Credit occount titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the omounts.)