On December 31, 2023, Marigold Inc. a public company, borrowed $3 million at 12% payable annually to finance the construction of a new buiding In 2024, the company made the following expenditures related to this building structure: March 1, \$507,000; June 1 . $618,000; July 1,\$1.5 million (of which $415,000 was for the roof): December 1. $1.5 million (of which $720,000 was for the building HVAC). Additional intormation follows: 1. Other debt outstanding: $4-million, 10-year, 12% bond, dated December 31,2016 , with interest payable annually $1.7-million, six-year, 9% note, dated December 31,2020 , with interest payable annually 2. The March 1, 2024 expenditure included land costs of $141,000. 3. Interestrevenue earned in 2024 on the unused idle construction loan amounted to $50,500. Determine the interest amount that could be capitalized in 2024 in relation to the building construction. (Do not round Intermediate calculotions. Round capitalization rate to 2 decimal places, eg. 15.25\% and final answer to 0 decimal places, eg. 5,275.) Interest amount to be capitalized eTextbook and Media Attempts: unlimited (b) The parts of this question must be completed in order. This part will be available when you complete the part above