On March $1,2025,$ Concord Corporation purchased land for an office site by paying $$2740000$ cash. Concord began construction on

the office building on March $1.$

The office was completed and ready for occupancy on July $1.$ To help pay for construction, and purchase of land $$3560000$ was

borrowed on March $1,2025$ on a $9\%,3-$year note payable. Other than the construction note, the only debt outstanding during $2025$

was a $$1590000,12\%,6-$year note payable dated January $1,2025.$

Assume the weighted$-$average accumulated expenditures for the construction project are $$4360000.$ The amount of interest cost to

be capitalized during $2025$ is

$$511200.$

$$392400.$

$$457800.$

$$416400.$