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Save On January 1, 2021, the Marjee Company began construction of an office building to be used as its corporate headquarters. The building was completed

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Save On January 1, 2021, the Marjee Company began construction of an office building to be used as its corporate headquarters. The building was completed early in 2022. Construction expenditures for 2021, which were incurred evenly throughout the year totaled $9,000,000 Marlee had the following debt obligations which were outstanding during all of 2021: Construction loan, 11% Long-tern note, 10% Long-term note, 7% $2,250,00 3,000,000 5,000,000 sok Required: Calculate the amount of Interest capitalized in 2021 for the building using the specific interest method Interest copitalized

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