The following information is from Bowin Inc. for a long$-$term constructic project that is expected to be completed in January $2021.$ The construction project is for a building intended for the company's own use. Bowin Inc. borrowed $$800,000$ at $12\%$ on January $1$ to help finance the construction. All debt was outstanding for the full year.

Capital Expenditures for $2020$

$\backslash$table$[[$Date$,$Amount$],[$Jan$.1,2020,$$$2,220,720$