3. On September 1, 2022, EcoTech Solutions contracted GreenBuilders to construct a new energy-efficient laboratory for $2,200,000. EcoTech made payments for the construction as follows: November 1, $500,000, January 1, $800,000, and April 1, $900,000. The construction was completed, and the laboratory was ready for use on December 31, 2023. EcoTech had the following outstanding debt as of December 31, 2023:
   i) A 11% four-year note to finance construction of the laboratory, dated December 31, 2022, with interest payable annually on December 31. Principal amount: $1,500,000.
   ii) A 8% six-year note payable, dated December 31, 2020, with interest payable annually on December 31. Principal amount: $700,000.
   iii) 9% ten-year bonds issued on December 31, 2019, with interest payable annually on December 31. Principal amount: $600,000.

   Required:
   i) Determine the amount of interest to be capitalized in 2023 in relation to the construction of the laboratory.
   ii) Prepare journal entries for EcoTech Solutions during 2023.