On December $31,2024,$ Vaughn Inc. borrowed $$3,900,000$ at $12\%$ payable annually to finance the construction of a new building. In

$2025,$ the company made the following expenditures related to this building: March $1,$ $$468,000$; June $1,$ $$780,000$; July $1,$

$$1,950,000$; December $1,$ $$1,950,000.$ The building was completed in February $2026.$ Additional information is provided as follows.

Other debt outstanding:

$10-$year, $13\%$ bond, December $31,2018,$ interest payable annually $$5,200,000$

$6-$year, $10\%$ note, dated December $31,2022,$ interest payable annually $2,080,000$

March $1,2025,$ expenditure included land costs of $$195,000.$

Interest revenue of $$63,700$ earned in $2025.$

$($a$)$

Determine the amount of interest to be capitalized in $2025$ in relation to the construction of the building.

The amount of interest $