Problem $10-9($Algo$)$ Interest capitalization; specific interest method $[$LO$10-7]$

On January $1,2024,$ the Mason Manufacturing Company began construction of a building to be used as its office headquarters. The building was completed on September $30,2025.$ Expenditures on the project were as follows:

$\backslash$table$[[$January $1,2024,$$$1,280,000$