On January 1, 2019 Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2020. Expenditures on the project were as follows: January 1, 2019 $300,000 September 1, 2019 $450,000 December 31, 2019 $450,000 March 31, 2020 $450,000 September 30, 2020 $300,000 Dreamworld had $3,000,000 in 12% bonds outstanding through both years but borrowed an additional $300,000 at 9% on January 1, 2019 to help cover the cost of construction. Calculate the capitalized interest for Dreamworld for 2019. Show work.