On January 1, 2014, Oksana Baiul, Inc. signed a fixed-price contract to have Builder Associates construct a major plant facility at a cost of $4,200,000. It was estimated that it would take 3 years to complete the project. Also on January 1, 2014, to finance the construction cost, Oksana Baiul borrowed $4,200,000 payable in 10 annual installments of $420,000, plus interest at the rate of 10%. During 2014, Oksana Baiul made deposit and progress payments totaling $1,575,000 under the contract; the weighted-average amount of accumulated expenditures was $839,999 for the year. The excess borrowed funds were invested in short-term securities, from which Oksana Baiul realized investment income of $258,000. What amount should Oksana Baiul report as capitalized interest at December 31, 2014? (Round answer to the nearest whole dollar, e.g. 5,275.)

During 2014, Midori Ito Corporation constructed and manufactured certain assets and incurred the following interest costs in connection with those activities.

		Interest Costs Incurred
Warehouse constructed for Ito