part B please. part 1 is in for reference.

On December 31,2024, Cheyenne Inc. borrowed $870.000 at 12% payable annually to finance thie construction of a new building. In 2025 , the company made the following expenditures related to this building: June 1, $348,000; July 1, $522,000; September 1 , $1,044,000; December 1, \$522,000. The building was completed in April 2026. Additional information is provided as follows: (a) Your answer is correct. Determine the amount of interest to be capitalized in 2025 in relation to the construction of the building. (Round answer to 0 decimal ploces, es 5, 125. The amount of interest $ Prepare the journal entry to record the capitalization of interest and the recognition of interest expense, if any, at December 31. 2025. (Round answers to 0 decimol ploces, es. 5,125. Credit occount titles are outomotically indented when amount is entered. Do not indent manuolly. If no entry is required, select "No Entry" for the occount tities and enter Ofor the amounts. List all debit entries before. credit entries)