On December 31, 2024, Coronado Inc. borrowed $3,720,000 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, $446,400; June 1, $744,000; July 1, $1,860,000; December 1, $1,860,000. 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 6-year, 11% note, dated December 31, 2022, interest payable annually $4,960,000 1,984,000 2. March 1, 2025, expenditure included land costs of $186,000. 3. Interest revenue of $60,760 earned in 2025. (a) Determine the amount of interest to be capitalized in 2025 in relation to the construction of the building The amount of interest $ (b) eTextbook and Media List of Accounts Save for Later Attempts: 0 of 15 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above