18. On October 1, 2024, EcoTech Solutions contracted GreenBuilders to construct a new energy-efficient factory for $4,500,000. EcoTech made payments for the construction as follows: December 1, $800,000, February 1, $1,200,000, and December 31, $2,500,000. The construction was completed, and the factory was ready for operation on December 31, 2024. EcoTech had the following outstanding debt as of December 31, 2024:
    i) A 11% three-year note to finance construction of the factory, dated December 31, 2023, with interest payable annually on December 31. Principal amount: $2,500,000.
    ii) A 8% five-year note payable, dated December 31, 2021, with interest payable annually on December 31. Principal amount: $1,500,000.
    iii) 10% ten-year bonds issued on December 31, 2019, with interest payable annually on December 31. Principal amount: $1,000,000.

    Required:
    i) Determine the amount of interest to be capitalized in 2024 in relation to the construction of the factory.
    ii) Prepare journal entries for EcoTech Solutions during 2024.