situation 2 please. situation 1 added for reference.

During 2025. Waterway Corporation constructed and manufactured certain assets and incurred the following interest costs in connection with those activities. All of these assets required an extended period of time for completion. Assuming the effect of interest capitalization is material, what is the total amount of interest costs to be capitalized? The total amount of interest costs to be capitalized On January 1, 2025, Oriole, Inc. signed a fixed-price contract to have Builder Associates construct a major plant facility at a cost o $4,283,000. It was estimated that it would take 3 yeais to complete the project. Also on January 1, 2025, to finance the construction cost, Oriole borrowed $4,283,000 payable in 10 annual instaliments of $428,300, plus interest at the rate of 10%. During 2025 , Oriole made deposits and progress payments totaling $1,606,125 under the contract; the weighted-average amount of accumulated expenditures was $856,600 for the year. The excess borrowed funds were invested in short-term securities, from which Oriole realized investment income of $258,200. What amount should Oriole report as capitalized interest at December 31, 2025? Capitalized interest