On January 1, 2024, the Marilee Company began construction of an office building to be used as its corporate headquarters. The builiding was completed early in 2025 . Construction expenditures for 2024 , which were incurred evenly throughout the year, totaled $9,300,000. Marlee had the following debt obligations which were outstanding during all of 2024 : Required: Calculate the amount of interest capitalized in 2024 for the building using the specific interest method