On January 1 , Year 1 a corporation begins construction on a new manufacturing facility. The facility will be completed July 31 , Year 2 . The following expenditures occur: The corporation borrowed $1M on a construction loan that pays 10% interest. Additionally, the corporation has a $4M loan outstanding with an 8% interest rate. Both loans are outstanding for the entirety of construction. Use this fact pattern for the remaining 3 questions. What is interest capitalized in Y ? Round to the nearest dollar. What is interest expense in Y1? Round to the nearest dollar. What is interest capitalized for Y2 ? Round to the nearest dollar