16. On February 1, 2024, GreenEco Corporation contracted GreenBuilders to construct a new eco-friendly shopping mall for $6,000,000. GreenEco made payments for the construction as follows: April 1, $1,000,000, June 1, $2,000,000, and December 31, $3,000,000. The construction was completed, and the shopping mall was ready for operation on December 31, 2024. GreenEco had the following outstanding debt as of December 31, 2024:
    i) A 10% four-year note to finance construction of the shopping mall, dated December 31, 2023, with interest payable annually on December 31. Principal amount: $3,000,000.
    ii) A 7% six-year note payable, dated December 31, 2021, with interest payable annually on December 31. Principal amount: $1,800,000.
    iii) 11% ten-year bonds issued on December 31, 2019, with interest payable annually on December 31. Principal amount: $1,200,000.

    Required:
    i) Determine the amount of interest to be capitalized in 2024 in relation to the construction of the shopping mall.
    ii) Prepare journal entries for GreenEco Corporation during 2024.