On March 1, 2023, Spoelstra, Inc. borrows $1,130,000 on a three year, 9% loan to finance construction of a new building. Spoelstra also has $2,000,000 of 4% debt outstanding for all of 2023.

During 2023, the following events occur:

6/1/23 - Spoelstra makes a $325,000 payment to the construction contractor, and work begins on the project.

8/1/23 - Spoelstra makes a $495,000 progress payment to the construction contractor.

10/1/23 - Spoelstra makes a final payment of $229,000 to the contractor upon completion of construction.

How much interest cost should be capitalized into the cost of the building?