On December $31,2024,$ Sheffield Inc. borrowed $$1,350,000$ at $13\%$ payable annually to finance the construction of a new building. In

$2025,$ the company made the following expenditures related to this building: June $1,$$$540,000$; July $1,$ $$810,000$; September $1,$

$$1,620,000$; December $1,$$$810,000.$ The building was completed in April $2026.$ Additional information is provided as follows:

Other debt outstanding

$10-$year, $11\%$ bond, dated December $31,2018,$ interest payable annually

$$13,500,000$

$15-$year, $13\%$ note, dated December $31,2012,$ interest payable annually

$$3,375,000$

Interest revenue earned in $2025$

$$8,100$