Thornton Industries began construction of a warehouse on July 1, 2018. The project was completed on March 31, 2019. 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, 12% note $7,000,000, 7% bonds Construction expenditures incurred were as follows: July 1, 2018 September 30, 2018 November 30, 2018 January 30, 2019 $ 780.000 990,000 999,000 930.00 The company's fiscal year-end is December 31 Required: Calculate the amount of interest capitalized for 2018 and 2019