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Situation III Riverbed, Inc. has a fiscal year ending April 30. On May 1, 2020, Riverbed borrowed $10,092,000 at 11% to finance construction of

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Situation III Riverbed, Inc. has a fiscal year ending April 30. On May 1, 2020, Riverbed borrowed $10,092,000 at 11% to finance construction of its own building. Repayments of the loan are to commence the month following completion of the building. During the year ended April 30, 2021, weighted-average accumulated expenditures were $3,532,200. Interest earned on the unexpended portion of the loan amounted to $655,980 for the year. How much should be shown as capitalized interest on Riverbed's financial statements at April 30, 2021? Capitalized interest on Riverbed's financial statements $ +A 194271

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