Randy started to construct a new building in January 1, 2020 and the it was fully completed on December 31, 2020. During this period the company has paid for contractors following payment:

Date of Payment	Payment in $
January 1, 2020	250,000
March 1, 2020	250,000
August 1, 2020	400,000
October 1, 2020	600,000
December 31, 2020	500,000

The debt balances in 2020 shows following:

Special Debt for construction has been signed on January 1 , 2020 at interest rate of 12% by $500,000

General Debt (N/P $300,000 10%-10 years dated on January 1, 2018)

General Debt (N/P $200,000 7.5%- 5 years dated on January 1, 2019)

Required: What is Capitalized Interest Cost?