ook Thornton Industries began construction of a warehouse on July 1, 2021. The project was completed on March 31, 2022. No new loans were required to fund construction. Thornton does have the following two interest-bearing liabilities that were outstanding throughout the construction period $2,000,000, 8% note $8,000,000, 4% bonds Construction expenditures incurred were as follows: Print July 1, 2021 $ 400,000 erences September 30, 2021 600,000 600,000 540,000 November 30, 2021 January 30, 2022 The company's fiscal year-end is December 31, Required: Calculate the amount of interest capitalized for 2021 and 2022 Complete this question by entering your answers in the tabs below. 2021 2022