On March $1,2025,$ Waterway Industries purchased land for an office site by paying $$2660000$ cash. Waterway 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 $$3660000$ 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 $$4390000.$ The amount of interest cost to

be capitalized during $2025$ is

$$465300,$

$$520200.$

$$395100.$

$$417000.$