On January 2, 2025, Concord Corporation began construction of a new citrus processing plant. The automated plant was finished and ready for use on September 30, 2026. Expenditures for the construction were as follows: Concord Corporation borrowed $3320000 on a construction loan at 10% interest on January 2, 2025. This loan was outstanding: during the construction period. The company also had $11520000 in 7% bonds outstanding in 2025 and 2026. The interest capitalized for 2025 was: $403200$120820$486180$134400