On January 1, 2021, the Sunderland 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 $10,200,000 and an effective interest rate of 10%. Construction expenditures incurred during 2021 were as follows: January 1 March 1 July 31 September 30 December 31 $520,000 612,000 492,000 620,000 320,000 Calculate the amount of interest capitalized for 2021