Sunland Companyis constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were $6480000on March 1, $5260000on June 1, and $8950000on December 31.Sunland Companyborrowed $3200000on January 1 on a 5-year,12% note to help finance construction of the building. In addition, the company had outstanding all year a10%, 3-year, $6380000note payable and an11%, 4-year, $12750000note payable.

What amount of interest should be charged to expense?