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30. Ship-Builders Co. began construction of a new cutter for the U.S. Coast Guard on January 1, 2018 and completed construction of the ship on March 31, 2019. To help finance construction, Ship-Builders took out an $8,100,000, 2-year, 7% loan on January 1, 2018. Interest on the loan was to be paid annually at the end of each year and the principal at the end. Ship-Builders has no other outstanding interest-bearing debt. Ship-Builders made the following expenditures in conjunction with this construction project: Amount $ Date 2/1/2018 3/1/2018 4/1/2018 8/1/2018 10/1/2018 11/1/2018 3/1/2019 1,300,000 650,000 600,000 1,100,000 700,000 800,000 2,500,000 How much interest should Ship-Builders Co. capitalize in 2018? How much should they expense in 2018? (10 points)