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Swifty Company began construction of a new building during 2025. The building is expected to be completed on December 31,2025 . During 2025, payments to

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Swifty 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 $432,000 on January 4,$288,000 on May 1, and $372,000 on October 1. Swifty has secured a construction loan of $428,000 at 7% interest on January 4,2025 . The company also has $11,300,000 in 9% bonds outstanding in 2026 and 2025 . What is the interest amount to capitalize? Interest to capitalize $

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