On January 1, 2021 , the Highlands Company began construction on a new manufacturing facility for its own use. The building was completed in 2022. The company borrowed $1850,000 at 10% on January 1 to help finance the construction. In addition to the construction loan, Highlands had the following debt outstanding throughout 2021 14,000,000, 144 bonds $1,000,000. 101 long-term note Construction expenditures incurred during 2021 were as follows: January 3 MAN 31 June 20 September 30 December 31 000,000 1.400.000 1.040,000 800.000 600,000 nes Required: Calculate the amount of interest capitalized for 2021 using the specific interest method. (Do not round the intermediate calculations. Round your percentage answers to 1 decimal place fie. 0.123 should be entered as 12.3%).) Expondito Weight Average Date January March 31 June 30 September 30 December 31 Accumulated expenditure X X X X X Amount Interest Rate Capitalized Interest Arorage accumulated expenditures