On January $1,2021,$ Kendall Inc. began construction of an automated cattle feeder system. The system was finished and ready for use on September $30,2022.$ Expenditures on the project were as follows:

January $1,2021$

$$200,000$

September $1,2021$

$300,000$

December $31,2021$

$300,000$

March $31,2022$

$300,000$

September $30,2022$

$200,000$

Kendall borrowed $$750,000$ on a construction loan at $12\%$ interest on January $1,2021.$ This loan was outstanding throughout the construction period. The company had $$4,500,000$ in $9\%$ bonds payable outstanding in $2021$ and $2022.$

Interest expensed in $2021$ under specific interest method was:

$$459,000.$

$$405,000.$

$$468,000.$

$$466,710.$