On January $1,2025,$ Shamrock, Inc. signed a fixed$-$price contract to have Homeward Construction construct a major plant facility at a cost of $$8,200,000.$ It was estimated that it would take $2$ years to complete the project. Also on January $1,2025,$ to finance the construction cost, Shamrock borrowed $$8,200,000$ payable in $8$ annual installments of $$1,025,000,$ plus interest at the rate of $8\%.$ During $2025,$ Shamrock made deposit and progress payments totaling $$3,075,000$ under the contract; the weightedaverage amount of accumulated expenditures was $$1,230,000$ for the year. The excess borrowed funds were invested in shortterm securities$,$ from which Shamrock realized investment income of $$174,000.$

What amount should Shamrock report as capitalized interest at December $31,2025?$

Capitalized interest $