Thornton industries began construction of a warehouse on July 1, 2024. The project was completed on March 31, 2025. No new loans were required to fund construction. Thornton does have the following two interest-bearing tiablities that were outstanding throughout the construction period: $1,000,000,11% note $4,000,000,6% bonds Construction expenditures incurred were as follows: The companys fiscal yeat-end is December 31 Pequired: Colculate the amount of interest capitalized for 2024 and 2025 . Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Calculate the amount of interest capitalyed for 2025. Mote: Do not round the intermediate calculations. Round pour percertaje answers to 1 decimal place (1.e, 0.123 should be entered as 12.3)