On January $1,2021,$ the company obtained a $$3$ million loan with a $11\%$ interest rate. The building was completed on September $30,2022.$ Expenditures on the project were as follows:

January $1,2021$ $ $1,260,000$

March $1,2021750,000$

June $30,2021310,000$

October $1,2021680,000$

January $31,20221,035,000$

April $30,20221,350,000$

August $31,20222,430,000$

On January $1,2021,$ the company obtained a $$3$ million construction loan with a $11\%$ interest rate. Assume the $$3$ million loan is not specifically tied to construction of the building. The loan was outstanding all of $2021$ and $2022.$ The company$$s other interest$-$bearing debt included two long$-$term notes of $$5,700,000$ and $$7,700,000$ with interest rates of $5\%$ and $7\%,$ respectively. Both notes were outstanding during all of $2021$ and $2022.$ Interest is paid annually on all debt. The company$$s fiscal year$-$end is December $31.$