On December $31,2024,$ Sheridan Inc. borrowed $$3,420,000$ at $12\%$ payable annually to finance the construction of a new building. In $2025,$ the company made the following expenditures related to this building: March $1,$ $$410,400$; June $1,$ $$684,000$; July $1,$ $$1,710,000$; December $1,$ $$1,710,000.$ The building was completed in February $2026.$ Additional information is provided as follows.

$1.$ Other debt outstanding:

$2.$

$3.$

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

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

March $1,2025,$ expenditure included land costs of $$171,000.$

Interest revenue of $$55,860$ earned in $2025.$

$$4,560,000$

$1,824,000$

$($a$)$

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

The amount of interest

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