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Sheridan company began construction of a new building during 2 0 2 5 . The building is expected to be completed on December 3 1

Sheridan company began construction of a new building during 2025. The building is expected to be completed on December 31,2025. During 2025, payments to the contractor are $450,000 on January 4, $336,000 on May 1, and $384,000 on October 1. Sheridan has secured a contruction loan of $582,000 at 7% interest on January 4,2025. The company also has $8,350,000 in 9% bonds outstanding in 2026 and 2025. What is the interest amount to capitalize?

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