12. On September 1, 2024, GreenTech Corporation contracted Blue Builders to construct a new eco-friendly park for $1,800,000. GreenTech made payments for the construction as follows: November 1, $600,000, January 1, $600,000, and December 31, $600,000. The construction was completed, and the park was ready for use on December 31, 2024. GreenTech had the following outstanding debt as of December 31, 2024:
    i) A 12% five-year note to finance construction of the park, dated December 31, 2023, with interest payable annually on December 31. Principal amount: $1,200,000.
    ii) A 9% seven-year note payable, dated December 31, 2022, with interest payable annually on December 31. Principal amount: $600,000.
    iii) 10% ten-year bonds issued on December 31, 2021, 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 park.
    ii) Prepare journal entries for GreenTech Corporation during 2024.