$On$ January $1,2024,$ the Mason Manufacturing Company began construction $of$ a building $tobe$ used $as$ its office headquarters. The building was completed $on$ September $30,2025.$ Expenditures $on$ the project were $as$ follows:

January $1,2024$ $ $1,230,000$

March $1,2024720,000$

June $30,2024380,000$

October $1,2024670,000$

January $31,2025990,000$

April $30,20251,305,000$

August $31,20252,340,000$

$On$ January $1,2024,$ the company obtained $a$ $$3$ million construction loan with $a12\%$ interest rate. Assume the $$3$ million loan $is$ not specifically tied $to$ construction $of$ the building. The loan was outstanding all $of2024$ and $2025.$ The company$s$ other interest$-$bearing debt included two long$-$term notes $of$ $$5,600,000$ and $$7,600,000$ with interest rates $of8\%$ and $10\%,$ respectively. Both notes were outstanding during all $of2024$ and $2025.$ Interest $is$ paid annually $on$ all debt. The company$s$ fiscal year$-$end $is$ December $31.$

Required:

Using the weighted$-$average interest method, answer the following questions:

Calculate the amount $of$ interest that Mason should capitalize $in2024$ and $2025$ using the weighted$-$average method.

What $is$ the total cost $of$ the building?

Calculate the amount $of$ interest expense that will appear $in$ the $2024$ and $2025$ income statements.