On January 1, 2020, the Sacramento Corporation began construction on a new manufacturing facility for its own use. The building was completed in 2021. The only interest-bearin -debt the company had outstanding during 2020 was $10,000,000 of long-term bonds having and an effective interest rate of 6%. Construction expenditures incurred during 2020 were as follows: January 1 April 1 September 1 December 31 $600,000 5900.000 $300,000 $1,000,000 What amount of capitalized interest would Sacramento Corporation record for