On January $1,2024,$ the Shagri Company began construction on a new manufacturing facility for its own use. The building was completed in $2025.$ The only interest$-$bearing debt the company had outstanding during $2024$ was long$-$term bonds with a book value of $$11,100,000$ and an effective interest rate of $9\%.$ Construction expenditures incurred during $2024$ were as follows:

$\backslash$table$[[$January $1,$$$610,000$