On July 1, 2023, EcoFriendly Solutions contracted GreenBuilders to construct a new eco-friendly warehouse for $3,500,000. EcoFriendly made payments for the construction as follows: September 1, $700,000, November 1, $1,200,000, and December 31, $1,600,000. The construction was completed, and the warehouse was ready for operation on December 31, 2023. EcoFriendly had the following outstanding debt as of December 31, 2023:
i) A 9% three-year note to finance construction of the warehouse, dated December 31, 2022, with interest payable annually on December 31. Principal amount: $2,000,000.
ii) A 7% five-year note payable, dated December 31, 2021, with interest payable annually on December 31. Principal amount: $1,200,000.

Required:
i) Determine the amount of interest to be capitalized in 2023 in relation to the construction of the warehouse.
ii) Prepare journal entries for EcoFriendly Solutions during 2023.