Interest During Construction

Alta Company is constructing a production complex that qualifies for interest capitalization. The following information is available:

Capitalization period: January $1,2019,$ to June $30,2020$

Expenditures on project:

$2019$:

January $1$ $ $564,000$

May $1549,000$

October $1672,000$

$2020$:

March $11,548,000$

June $30672,000$

Amounts borrowed and outstanding:

$$1\mathrm{.}5$ million borrowed at $10\%,$ specifically for the project

$$5$ million borrowed on July $1,2018,$ at $12\%$

$$13$ million borrowed on January $1,2017,$ at $6\%$

Required:

Note: Round all final numeric answers to two decimal places.

Compute the amount of interest costs capitalized each year.

Capitalized interest, $2019$ $ fill in the blank $1$

Capitalized interest, $2020$ $ fill in the blank $2$

If it is assumed that the production complex has an estimated life of $20$ years and a residual value of $$0,$ compute the straight$-$line depreciation in $2020.$

$ fill in the blank $3$