On January 1, 2022, the Spartan Equipment Company began construction of a building to be used as its office headquarters. The building was completed on October 30, 2023. Expenditures on the project, mainly payments to subcontractors, were as follows: January 1, 2022 April 30, 2022 December 31, 2022 $ 600,000 750,000 600,000 Accumulated expenditures at December 31, 2022 (before interest capitalization) $ 1,950,000 January 31, 2023 600,000 October 30, 2023. 300,000 On January 1, 2022, the company obtained a $1 million construction loan with an 8% interest rate. The loan was outstanding during the entire construction period. The company's other interest-bearing debt included two long-term notes of $2,000,000 and $4,000,000 with interest rates of 6% and 12%, respectively. Both notes were outstanding during the entire construction period. A) Calculate capitalized interest in 2022 B) Calculate capitalized interest in 2023 C) Assuming the $1 million loan was not for the construction of the building, calculate capitalized interest in 2022.