On December 31, 2024, Blue Inc. borrowed $4,320,000 at 13% payable annually to finance the construction of a new building In 2025, the company made the following expenditures related to this building: March 1, $518,400; June 1, $864,000, July 1. $2,160,000; December 1, $2,160,000. The building was completed in February 2026. Additional information is provided as follows 1. Other debt outstanding 10-year, 14% bond, December 31, 2018, interest payable annually $5,760,000 6-year, 11% note, dated December 31, 2022, interest payable annually 2,304,000 2 March 1, 2025, expenditure included land costs of $216,000. 3. Interest revenue of $70,560 earned in 2025. (a) * Your answer is incorrect. Determine the amount of interest to be capitalized in 2025 in relation to the construction of the building The amount of interest $ 769392 C