Exercise $10-22($Static$)$ Interest capitalization $[$LO$10-7]$

On January $1,2024,$ the Marjlee Company began construction of an office building to be used as its corporate headquarters. The building was completed early in $2025.$ Construction expenditures for $2024,$ which were incurred evenly throughout the year, totaled $$6,000,000.$ Marjlee had the following debt obligations which were outstanding during all of $2024$:

Construction loan, $10\%$$ $1,500,000$Long$-$term note, $9\%2,000,000$Long$-$term note, $6\%4,000,000$

Required:

Calculate the amount of interest capitalized in $2024$ for the building using the specific interest method.