On January 2, 2020, Bonita Industries began construction of a new citrus processing plant. The automated plant was finished and ready for use on September 30, 2021. Expenditures for the construction were as follows: January 2, 2020 $ 609000 September 1, 2020 1808400 December 31, 2020 1808400 March 31, 2021 1808400 September 30, 2021 1193000 Bonita industries borrowed $3380000 on a construction loan at 10% interest on January 2, 2020. This loan was outstanding during the construction period. The company also had $13200000 in 7% bonds outstanding in 2020 and 2021. The interest capitalized for 2020 was: $487820 O $462000 O $154000 O 5121180