On January 1,2024 , the Marjlee Company began construction of an office bullding to be used as its corporate headquarters. The bullding was completed early in 2025 . Construction expenditures for 2024 , which were incurred evenly throughout the year, totaled $6,000,000. Marjlee had the following debt obligations which were outstanding during all of 2024 : Required: Calculate the amount of Interest capitalized in 2024 for the bullding using the specific interest method