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On December 31,2024 , Flounder Inc. borrowed $1,080,000 at 13% payable annually to finance the construction of a new building. In 2025 , the company
On December 31,2024 , Flounder Inc. borrowed $1,080,000 at 13% payable annually to finance the construction of a new building. In 2025 , the company made the following expenditures related to this building: June 1,$432,000; July 1,$648,000; September 1,$1,296,000; December 1 , $648,000. The building was completed in April 2026. Additional information is provided as follows: Determine the amount of interest to be capitalized in 2025 in relation to the construction of the building. (Round answer to 0 decimal places, e.g. 5,125 .) The amount of interest $ eTextbook and Media List of Accounts Attempts: 0 of 4 used
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