On January $1,2024,$ the Highlands Company began construction on a new manufacturing facility for its own use. The building vras completed in $2025.$ The company borrowed $$1,700,000$ at $9\%$ on January $1$ to help finance the construction. In addition to the construction loan, Highlands had the following debt outstanding throughout $2024$ :

$$6,000,000,14\%$ bonds

$$4,000,000,9\%$ long$-$term note

Construction expenditures incurred during $2024$ were as follows:

$\backslash$table$[[$January $1,$$$620,000$