On March 1, 2017, Coronado Industries purchased land for an office site by paying $2650000 cash. Coronado began construction on the office building on March 1. The following expenditures were incurred for construction:

Date ExpendituresMarch 1, 2017 $1830000April 1, 2017 2510000May 1, 2017 4500000June 1, 2017 4870000

The office was completed and ready for occupancy on July 1. To help pay for construction, and purchase of land $3630000 was borrowed on March 1, 2017 on a 9%, 3-year note payable. Other than the construction note, the only debt outstanding during 2017 was a $1520000, 12%, 6-year note payable dated January 1, 2017.

Assume the weighted-average accumulated expenditures for the construction project are $4360000. The amount of interest cost to be capitalized during 2017 is