Renewable Energy Infrastructure: On August 1, 2030, EcoSolutions Ltd. contracted GreenBuilders to construct a new renewable energy infrastructure project for $15,000,000. EcoSolutions made payments for the construction as follows: October 1, $3,000,000, December 1, $4,500,000, and December 31, $7,500,000. The construction was completed, and the project was ready for operation on December 31, 2030. EcoSolutions had the following outstanding debt as of December 31, 2030:

i) A 9% three-year note to finance construction of the project, dated December 31, 2029, with interest payable annually on December 31. Principal amount: $8,000,000.

ii) A 6% five-year note payable, dated December 31, 2028, with interest payable annually on December 31. Principal amount: $7,000,000.

Required: i) Determine the amount of interest to be capitalized in 2030 in relation to the construction of the project. ii) Prepare journal entries for EcoSolutions Ltd. during 2030.