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On December 31,2024 , Martinez Inc, borrowed $1,170,000 at 13% payable annually to finance the construction of a new building In 2025, the company made

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On December 31,2024 , Martinez Inc, borrowed $1,170,000 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, $468,000; July 1, $702,000; September 1 . $1,404,000; December 1,\$702,000. 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 ploces, eg. 5,125. The amount of interest $

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