Interest capitalization; specific interest method E L$010-7$On January $1,2024,$ the Mason Manufacturing Company began construction of a building to be used as its office headquarters. Thebuilding was completed on September $30,2025.$ Expenditures on the project were as follows:January $1,2024$March $1,2024$$$1\mathrm{.}000\mathrm{.}000600\mathrm{.}000$June $30.2024800\mathrm{.}000$October $1,2024$January $31,2025$April $30,2025$August $31,2025600\mathrm{.}000270\mathrm{.}000585\mathrm{.}000900\mathrm{.}000$On January $1,2024,$ the company obtained a $$3$ million construction loan with a $10\%$ interest rate. The loan was outstanding all of $2024$and $2025.$ The company's other interest$-$bearing debt included two long$-$term notes of $$4,000,000$ and $$6,000,000$ with interest rates of$6\%$ and $8\%,$ respectively. Both notes were outstanding during all of $2024$ and $2025.$ Interest is paid annually on all debt. The company'sfiscal year$-$end is December $31.$