On January 1, 2025, Blossom, Inc. signed a fixed-price contract to have Builder Associates construct a major plant facility t a cost of $4,482,000. It was estimated that it would take 3 years to complete the project. Also on January 1,2025 , to finance the construction cost, Blossom borrowed $4,482,000 payable in 10 annual installments of $448,200, plus interest at the rate of 10%. During 2025, Blossom made deposits and progress payments totaling $1,680,750 under the contract; the weighted-average amount of accumulated expenditures was $896,400 for the year. The excess borrowed funds were invested in short-term securities, from which Blossom realized investment income of $266,100. What amount should Blossom report as capitalized interest at December 31, 2025 ? Capitalized interest \$