4. On October 1, 2024, EcoFriendly Inc. contracted EcoBuilders to construct a new environmentally-conscious manufacturing plant for $3,500,000. EcoFriendly made payments for the construction as follows: December 1, $800,000, February 1, $1,200,000, and December 31, $1,500,000. The construction was completed, and the manufacturing plant was ready for operation on December 31, 2024. EcoFriendly had the following outstanding debt as of December 31, 2024:
   i) A 10% three-year note to finance construction of the manufacturing plant, dated December 31, 2023, with interest payable annually on December 31. Principal amount: $1,500,000.
   ii) A 8% six-year note payable, dated December 31, 2021, with interest payable annually on December 31. Principal amount: $900,000.
   iii) 9% ten-year bonds issued on December 31, 2019, with interest payable annually on December 31. Principal amount: $800,000.

   Required:
   i) Determine the amount of interest to be capitalized in 2024 in relation to the construction of the manufacturing plant.
   ii) Prepare journal entries for EcoFriendly Inc. during 2024.