On January 1, 2018, the Shagri 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 $11,700,000 and an effective interest rate of 8%. Construction expenditures incurred during 2018 were as follows:

January 1	$	670,000
March 1		702,000
July 31		582,000
September 30		770,000
December 31		470,000

Required: Calculate the amount of interest capitalized for 2018.

Date	Expenditure		Weight			Average
January 1		x			=
March 1		x			=
July 31		x			=
September 30		x			=
December 31		x			=
Accumulated expenditure	$0					$0
	Average		Interest Rate			Capitalized Interest
Average accumulated expenditures	$0	x		%	=	$0