On January 1, 2021, the Shagri Company began construction on a new manufacturing facility for its own use. The building was completed in 2022. The only interest-bearing debt the company had outstanding during 2021 was long-term bonds with a book value of $10,100,000 and an effective interest rate of 9%. Construction expenditures incurred during 2021 were as follows: January 1 March 1 July 31 September 30 December 31 $510,000 606,000 486,000 610,000 310,000 Required: Calculate the amount of interest capitalized for 2021. Date Expenditure Weight Average X x January 1 March 1 July 31 September 30 December 31 Accumulated expenditure X $ 0 $ 0 Amount Interest Rate Capitalized Interest $ 0 Average accumulated expenditures $ 0 %