On March 1,2025, Bonita Industries purchased land for an office site by paying $2600000 cash. Bonita began construction on the office building on March 1 . The following expenditures were incurred for construction: The office was completed and ready for occupancy on July 1. To help pay for construction, and purchase of land $3610000 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 $1400000,12%, 6-year note payable dated January 1,2025. The actual interest cost incurred during 2025 was