On January 1, 2025, Oriole, Inc. signed a fixed-price contract to have Builder Associates construct a major plant facility at a cost of $4,283,000. It was estimated that it would take 3 years to complete the project. Also on January 1, 2025, to finance the construction cost, Oriole borrowed $4,283,000 payable in 10 annual installments of $428,300, plus interest at the rate of 10%. During 2025, Oriole made deposits and progress payments totaling $1,606,125 under the contract; the weighted-average amount of accumulated expenditures was $856,600 for the year. The excess borrowed funds were invested in short-term securities, from which Oriole realized investment income of $258,200. What amount should Oriole report as capitalized interest at December 31, 2025? Capitalized interest