please solve

On January 1, 2021, the Highlands Company began construction on a new manufacturing facility for its own use. The buliding was completed in 2022 . The company borrowed $2,050,000 at 11% on January 1 to heip finance the construction. In addition to the construction loan, Highlands had the following debt outstanding throughout 2021: Construction expenditures incurred during 2021 were as follows: Required: Calculate the amount of interest capitalized for 2021 using the specific interest method. (Do not round the Intermedlate calculations. Round your percentoge answers to 1 declmal place (1.e. 0.123 should be entered as 12.3% ).)