On December 31,2024 , Waterway Inc. borrowed $4,140,000 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, $496,800; June 1, $828,000; July 1, $2,070,000; December 1,$2,070,000. The building was completed in February 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. The amount of interest eTextbook and Media Assistance List of Accounts Attempts: unlimited (b) Prepare the journal entry to record the capitalization of interest and the recognition of interest expense, if any, at December 31 , 2025. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.)