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 $2,000,000 at 13% on January 1 to help finance the construction. In addition to the construction loan, Highlands had the following debt outstanding throughout 2021: points $5.829.oe. 17% bonds $3.880.880.13% long-term note Construction expenditures incurred during 2021 were as follows: $ January 1 March 31 June 30 September 30 December 31 820,000 1,420.000 1,864.000 828,888 620.000 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 (L.e. 0.123 should be entered as 12.3%).) Date Expenditure Weight A verage January 1 March 31 June 30 September 30 December 31 Accumulated expenditure 5 0 Average Interest Rate Capitalized Interest Average accumulated expenditures