On January 1.2025, Blue, Inc. signed a fixed-price contract to have Builder Associates construct a major plant facility at a cost of $4,312,000. It was estimated that it would take 3 years to complete the project. Also on January 1,2025, to finance the construction cost, Blue borrowed $4,312,000 payable in 10 annual installments of $431.200, plus interest at the rate of 10% During 2025, Blue made deposits and progress payments totaling $1,617,000 under the contract; the weighted-average amount of accumulated expenditures was $862,400 for the year. The excess borrowed funds were invested in short-term securities, from which Blue realized investment income of $258,000. What amount should Blue report as capltalized interest at December 31, 2025? Capitalized interest