On February 1, 2021, Handel's Dairy Company obtained a $1,500,000 construction loan with a 9% interest rate to build a new ice cream shop. The loan was outstanding for the entire construction period. The project was completed on September 30 , 2021. Expenditures in 2021 were as follows: Required: Calculate the interest capitalized in 2021 using the worksheet below. Label amounts and answer. Do not round intermediate calculations