On January 1, 2018. the Shagn Company began construction on a new manufacturing facility for its own use. The building was completed in 2019. The only interest-bearing debt the company had outstanding during 2018 was long term bonds with a book value of $11,300,000 and an effective interest rate of 8% Construction expenditures incurred during 2018 were as follows: January 3 March a July 31 September 30 December 31 5630,000 678,000 558.000 230,000 40.000 Required: Calculate the amount of interest capitalized for 2018 Expenditure Weight Average X Date January 1 March 1 July 31 September 30 December 31 Accumulated expenditure Average Interest Rate Capitated Intan Average accumulated expenditures Date Expenditure Weight Average January 1 March 1 July 31 September 30 December 31 Accumulated expenditure + XXX Average Interest Rate Capitalized Interest Average accumulated expenditures %