Thornton Industries began construction of a warehouse on July 1, 2021. The project was completed on March 31, 2022. No new loans were required to fund construction Thornton does have the following two interest-bearing liabilities that were outstanding throughout the construction period: $3,000,000, 9X note 57,000,000, 4x bonds Construction expenditures incurred were as follows. July 1, 2021 September 30, 2021 November 30, 2021 January 30, 2022 $589,800 810,000 810,000 750,000 The company's fiscal year-end is December 31, Required: Calculate the amount of interest capitalized for 2021 and 2022